U.S. Meat Output on Decline

WASHINGTON - Aug 10/07 - SNS -- The forecast for total 2007 U.S. meat production is reduced slightly because of lower second quarter beef and broiler output and lower expected cattle slaughter later in the year, according to the latest supply and demand outlook from the USDA's World Agricultural Outlook Board.

Total meat output for 2008 is reduced because of lower beef production. The July Cattle report indicated that the 2007 calf crop is smaller than in 2006, and it is expected that there will be fewer cattle to market next year, resulting in lower beef production. Production forecasts for 2008 pork and poultry are unchanged.

The beef export forecasts for 2007 and 2008 are raised on continued improvement in sales to several markets. South Korea's suspension of inspections of U.S. beef is expected to be temporary. Beef import forecasts are raised for 2007 and 2008 because of stronger-than- expected shipments from Oceania and lower expected U.S. cow slaughter next year. Pork export forecasts for both 2007 and 2008 are lowered as shipments remain weaker-than-expected. Pork imports are increased as shipments from Canada are expected to remain strong. Broiler and turkey export forecasts are unchanged from last month.

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