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Oh what a difference two days can make: recent slaughter data revisited
Story Date: 10/30/2012
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Source: Rita Jane Gabbett, MEATINGPLACE, 10/30/12
Numbers are a tricky business. Last week USDA issued its monthly Livestock Slaughter report showing U.S. beef production down 9 percent from last year and pork output down 2 percent. However, with two fewer slaughter days in September than a year ago, those numbers were easy to misinterpret.
In the CME Group Daily Livestock Report, meat industry analysts Len Steiner and Steve Meyer crunched the numbers on a per-day basis, showing a completely different picture; beef production per day was actually up 0.6 percent and pork production per day averaged 8.1 percent higher than last September.
“It’s quite a reversal from the precipitous decline indicated in the raw monthly numbers,” the analysts wrote.
To read the full report, click here.
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