U.S. Beef Production Slows

WASHINGTON - Sep 12/06 - SNS -- Meat production in the United States is expected to be less than originally expected this year, but greater in 2007, according to the latest report from the USDA's World Agricultural Outlook Board.

This primarily reflects reduced beef production due to the slow pace of fed cattle marketings during 2006. However, marketings are expected to increase in 2007, leading to higher forecast beef production next year.

Pork production forecasts are unchanged from last month as higher expected slaughter in the third quarter of 2006 is offset by slightly lower expected weights due to summer heat. Broiler and turkey production forecasts are unchanged from last month.

Beef export forecasts for 2006 and 2007 are raised from last month. Exports to Canada and Mexico are expected to remain strong and the recent announcement to permit the export of boneless beef to South Korea is expected to support a modestly stronger export forecast, especially for 2007. However, the pace of recovery in exports to South Korea is expected to be gradual. Export forecasts for pork and poultry are unchanged from last month.

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