Fourth Quarter Meat Output Up in U.S.

WASHINGTON - Dec 11/07 - SNS -- The forecast for total 2007 U.S. meat production is raised reflecting stronger fourth- quarter production estimates for red meat and poultry, according to the latest forecasts from the USDA's World Agricultural Outlook Board.

Cattle slaughter forecasts are increased as packers have bid aggressively for relatively tight supplies of fed cattle, and cow slaughter remains large. Hog slaughter is expected to remain strong through the remainder of the fourth quarter. The broiler production forecast is raised as hatchery data point to relatively strong expansion.

For 2008, total meat production is virtually unchanged. The Quarterly Hogs and Pigs report, to be released December 27, will provide an indication of hog producer expectations for production in 2008. The egg production forecast for 2008 is raised slightly.

Red meat exports are adjusted slightly for 2007, reflecting third-quarter actual exports. Broiler exports for both 2007 and 2008 are raised on the strength of stronger-than-expected third-quarter exports. Despite higher broiler meat prices, continued weakness in the value of the dollar supports exports. Beef imports are reduced for 2007 and 2008.

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