World Agricultural Supply and Demand Estimates
Sep 10, 2021
LIVESTOCK, POULTRY, AND DAIRY: The forecast for 2021 total red meat and poultry production is lowered from last month.
Beef production is reduced from the previous month as lower expected steer and heifer slaughter and lighter carcass weights more than offset higher cow slaughter.
The pork production forecast is reduced on lower expected second-half hog slaughter.
The broiler production forecast is raised on recent hatchery and slaughter data while the turkey production forecast is reduced. The egg production forecast is raised slightly.
For 2022, the total red meat and poultry forecast is reduced from the previous month.
The beef production forecast is reduced from last month on lower expected fed cattle slaughter and lighter carcass weights.
Pork production is unchanged.
Broiler and turkey production forecasts are raised on higher expected prices and lower expected feed costs. The 2022 egg production forecast is reduced.
For 2021, the beef import forecast is raised reflecting recent trade data; the export forecast is also raised on strong global demand from key trading partners; no changes are made to the 2022 forecasts.
The pork export forecast for 2021 is reduced on recent trade data and expected slower demand growth from Asia; no change is made to the 2022 forecast.
Broiler export forecasts are reduced slightly for both 2021 and 2022. The 2021 turkey export forecast is reduced slightly from last month.
Fed cattle prices are raised for 2021 on current price strength and firm demand. The 2022 price forecast is also raised.
The 2021 hog price forecast is raised on lower expected production.
Broiler and turkey price forecasts are raised for 2021 and 2022 on demand strength.
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