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Little Change In U.S. Meat Output Forecast
WASHINGTON - Apr 8/05 - SNS -- The total U.S. meat production forecast for 2005 is little changed from last month, with the USDA's World Agricultural Outlook Board looking for output to total 85,440 million pounds.
Beef and turkey production forecasts are lowered slightly but are almost offset by higher forecast pork production. Beef production forecasts for the first half are reduced because of delays in reestablishing cattle trade with Canada and a slower-than-expected pace of feedlot placements, which is expected to result in lower first-half slaughter.
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