Rising U.S. Meat Supply

WASHINGTON - Nov 9/07 - SNS -- Total meat production in the United States will be higher this year based on stronger fourth- quarter production estimates for red meat and poultry, according to the latest forecast from the USDA's World Agricultural Outlook Board.

Cattle slaughter forecasts are increased as packers bid aggressively for fed cattle and cow slaughter remains large. Hog slaughter is expected to remain strong through the fourth quarter. The broiler production forecast is raised as September production was larger than expected and hatchery data point to continued expansion.

Turkey production forecasts are also raised. For 2008, total meat production is increased as higher broiler and turkey production forecasts more than offset lower beef production. Pork production is reduced slightly as higher feed prices are expected to limit weight gains. Egg production forecasts are reduced as the hatching egg flock is expanding slower than expected despite record egg prices.

The 2007 and 2008 meat export forecasts are reduced. U.S. beef export forecasts are reduced reflecting the suspension of exports to South Korea pending successful negotiation of new import protocols. Pork exports are raised as lower prices and a weaker dollar are expected to support increased sales.

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