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Fractional Increase in U.S. Meat Output
WASHINGTON - Jun 11/07 - SNS -- The forecast for total U.S. meat production in 2007 is raised fractionally from last month reflecting small increases in pork and broiler output, according to the latest supply and demand outlooks estimates from the USDA's World Agricultural Outlook Board.
Pork production for the second quarter is raised as heavier-than-expected average carcass weights more than offset a slight expected decline in hog slaughter. Broiler production for the second quarter is forecast higher because of increased egg sets and chick placements.
The annual beef production forecast is unchanged but the recent slow pace of feedlot marketings results in a shift in steer and heifer slaughter and beef production from the second to third quarter. Meat production forecasts for 2008 are unchanged from last month.
Beef export forecasts are raised for both 2007 and 2008. The broiler export forecast for 2007 is reduced from last month.
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