STAT Communications Ag Market News

Meat Production on Rise in U.S.

WASHINGTON - Jul 9/10 - SNS -- Total U.S. meat production forecasts for 2010 and 2011 are adjusted upward slightly, according to the latest forecast from the USDA's World Agricultural Outlook Board.

Cow slaughter remains relatively high boosting beef production in 2010. Higher forecast mid-year cattle placements are also expected to boost steer and heifer slaughter later in the year and into early 2011.

Pork production is forecast higher for 2010 based on increased slaughter and heavier dressed weights; mainly during the second quarter. The June 1 Quarterly Hogs and Pigs report indicated that producers intend to have fewer sows farrow in the second half of 2010. Although largely offset by gains in pigs per litter, year-over growth in sows farrowing in 2011 is slower than previously forecast, and the 2011 pork production forecast is reduced slightly.

Broiler production is forecast higher for 2010 and 2011. Hatchery data point toward continued growth in bird numbers and weights have been moving up. Turkey and egg production forecasts are unchanged from last month.