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Solid Gains Seen in U.S. Meat OutputWASHINGTON - May 11/07 - SNS -- Total U.S. meat production in 2008 is projected to grow 1.4% compared with a fractional increase this year, according to the latest forecasts from the USDA's World Agricultural Outlook Board. A recovery in cattle weights should support higher beef production despite expected smaller fed cattle marketings in 2008, the USDA said. Pork production growth is forecast to be moderate as producers remain cautious about expansion. Producers are expected to balance relatively strong hog prices against concerns about feed costs. Pork supplies will be supplemented by increased imports of hogs from Canada. Broiler production in 2008 is expected to increase as producers respond to higher prices through early 2008. Although turkey production is forecast to increase for a fourth year, the pace of expansion is expected to be slower than in 2007. Egg production is forecast slightly higher. Subscribers can read the full text of the article by Clicking here
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