Meat production estimates mostly up on month

Meat production estimates mostly up on month

The USDA has increased its outlooks for 2023 red meat and poultry production, with gains in beef, broilers, and turkey canceling out a cut in pork.

Beef is seen at 26.665 billion pounds, up 170 million from February on higher slaughter estimates and larger placements into feedlots, with an average steer price of $162 per hundredweight, up $3, and higher consumption, along with steady imports and exports.

Pork is estimated at 27.410 billion pounds, down 35 million because of lighter carcass weights, with an average barrow and gilt price of $66 per hundredweight, $.50 lower, and no changes to imports, exports, or consumption.

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