U.S. Meat Supply Slips
WASHINGTON - Jun 10/10 - SNS - Forecast total U.S. meat production for 2010 is reduced slightly, according to current supply and demand forecasts from the USDA's World Agricultural Outlook Board.
The production forecasts for 2010 largely reflect lower cattle slaughter and lighter cattle carcass weights in the second quarter and lower expected slaughter in the fourth quarter. Hog slaughter is also reduced for the second and third quarters, but slightly heavier carcass weights partially offset the decline in second- quarter slaughter.
Changes in the broiler and turkey production forecasts for 2010 reflect slight revisions to the first quarter. Total meat production for 2011 is raised fractionally. There are no changes to the beef and pork forecasts for 2011. The turkey production forecast for 2011 is raised slightly but broiler production is unchanged.
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