The forecast for 2020 poultry and red meat production is raised from last month as higher forecast beef, pork, and broiler production more than offsets lower turkey production. The increase in beef and pork production largely reflects a faster-than-anticipated recovery in the pace of slaughter.
Broiler production forecast is raised as broiler hatchery data points towards higher expected production in the second half of the year. Turkey production is lowered slightly on recent production data and a slower expected growth in expansion. Egg production is lowered from the previous month.
2021 poultry and red meat production forecast is raised from the previous month. The broiler production forecast for 2021 is unchanged from last month, but turkey production is reduced as forecast slower growth in 2020 production is carried into 2021. The egg production forecast is reduced from the previous month, according to USDA’s latest World Agricultural Supply and Demand Estimates report .
