U.S. meat production and export forecasts reduced

by Editor fleischwirtschaft.com
Monday, December 15, 2008

According to the USDA monthly World Agriculture Supply and Demand report U.S. meat production forecasts for 2008 and 2009 from last month have been lowered.

The U.S. beef production for 2008 was reduced to 26.589 billion pounds from 26.699 a month ago. Based on the statement that cattle placements will decrease for the remainder of 2008, a reduced beef production during the first half of 2009 is forecast by the USDA.

However, beef exports in 2008 are expected to increase slightly to 1.860 billion pounds. USDA maintained its 2009 forecast for beef exports at 1.920 billion pounds.

Pork production figures for 2008 were reduced to 23.419 billion pounds from 23.452 billion pounds projected last month. Regardless this development, USDA raised its pork production forecast for 2009, because lower feed costs are expected to result in heavier weights.

By contrast, USDA lowered its 2008 export forecast to 4.769 billion pounds from 5.068 billion pounds last month. For 2009, the agency reduced its forecast to 4.100 billion pounds from 4.500 billion pounds predicted in November.