USDA Reduces Red Meat Production

WASHINGTON - Oct 12/06 - SNS -- Red meat production in the United States is expected to be somewhat lower in the coming months than initially thought, according to the latest supply and demand forecasts from the USDA's World Agricultural Outlook Board.

The 2006 forecast is lowered as the pace of feedlot marketings remains slower than expected. However, the decline is partly offset by increased cow slaughter due to continued dry conditions. The 2007 beef forecast is lowered because cow slaughter is reduced.

Pork production is forecast higher for both 2006 and 2007. The forecast for 2006 is raised, reflecting larger-than-expected third-quarter hog slaughter.

The production forecasts for 2007 are raised because the September 29 Quarterly Hogs and Pigs report indicated an increase in both the breeding herd and producer expectations to farrow more sows through the first quarter of 2007, resulting in more available hogs for slaughter. Broiler and turkey production forecasts are unchanged from last month.

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