In this file:

 

·         More meat production expected

… increases in broiler and turkey production more than offset declines in beef and pork…

 

·         USDA: World Agricultural Supply and Demand Estimates
… The beef production forecast is raised from the previous month on a higher expected pace of first-half marketings.  However, the 2019 calf-crop estimated in the July 19thCattle report implies lower-than-previously expected marketings in the latter part of 2020… Forecast pork production is unchanged from the previous month… For 2019, the beef import forecast is adjusted to reflect June trade data; the import forecast for 2020 is unchanged.  Beef export forecasts are unchanged for both 2019 and 2020.  The pork import forecasts for 2019 and 2020 are lowered on slowing import demand…

 

 

More meat production expected

 

By Nicole Heslip, Brownfield

August 12, 2019

 

The USDA has raised its outlook for 2019 total meat production as increases in broiler and turkey production more than offset declines in beef and pork.

 

Forecasts are also raised for 2020 because of increased beef and poultry production.

 

Beef is now pegged at just over 27 billion pounds, with the department expecting lighter carcass weights and a slight decline in third-quarter cattle slaughter.  Exports for 2019 and 2020 were unchanged, and fed cattle prices were raised.

 

Pork production is projected at more than 27.6 billion pounds, on a slower than expected pace of slaughter during the third quarter.  Forecasts for 2020 production as well as exports were unchanged.  Hog prices for 2019 were lowered...

 

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https://brownfieldagnews.com/news/more-meat-production-expected/

 

 

World Agricultural Supply and Demand Estimates

 

USDA

ISSN: 1554-9089

 

LIVESTOCK, POULTRY, AND DAIRY:  The forecast for total meat production in 2019 is raised from last month as increases in broiler and turkey production more than offset declines in beef and pork production.  Broiler production is raised on June production data and the expectation of a continued higher proportion of heavier weight birds in the slaughter mix.  Forecast turkey production is also raised on recent production data and higher expected slaughter in the fourth quarter.  The decline in beef production largely reflects a slower pace of cattle slaughter in the third quarter and lighter expected carcass weights through 2019.  The pork production forecast is reduced on a slower expected pace of slaughter during the third quarter.

 

For 2020, the red meat and poultry production forecast is raised on higher expected beef and poultry production forecasts.  The beef production forecast is raised from the previous month on a higher expected pace of first-half marketings.  However, the 2019 calf-crop estimated in the July 19thCattle report implies lower-than-previously expected marketings in the latter part of 2020.  Continued growth in average bird weights is expected to result in higher forecast broiler production in 2020.  Turkey production is raised slightly.  Forecast pork production is unchanged from the previous month. 

 

For 2019, the beef import forecast is adjusted to reflect June trade data; the import forecast for 2020 is unchanged.  Beef export forecasts are unchanged for both 2019 and 2020.  The pork import forecasts for 2019 and 2020 are lowered on slowing import demand. The pork export forecast for 2019 is adjusted based on June trade data. No change is made to the 2020 pork export forecast.  The 2019 broiler export forecast is reduced on recent trade data, but the 2020 forecast is unchanged.  No changes are made to 2019 and 2020 turkey trade forecasts.

 

Fed cattle prices are raised for 2019 on current price strength.  The 2020 price forecast is also raised.  The 2019 hog price forecast is lowered on recent price pressure, but the 2020 price forecast is unchanged from last month.  The broiler price forecast for 2019 and 2020 are lowered on larger forecast supplies.  The turkey price forecast for 2019 is raised; no change is made to the 2020 turkey price forecast.

 

Entire report [PDF]:

https://www.usda.gov/oce/commodity/wasde/wasde0819.pdf