USDA has adjusted its estimated red meat and poultry production for 2016 to reflect December slaughter data. Total red meat and poultry production for 2017 is lowered, largely reflecting decreased pork and poultry forecasts, according to the World Agricultural Supply and Demand Estimates “WASDE”report.
Broiler production is lowered as increases in production in the first quarter are more than offset by reductions in the second half of the year. Table egg production is increased on hatchery data and expectations of relatively favorable returns, but this is more than offset by a lowered hatching egg production forecast. The complete WASDE report can be viewed here.
