date:Aug 14, 2012
USDA reduced meat and poultry production forecasts for from July with the expectation that rising feed costs will pressure the pace of pork and poultry expansion and temper growth in weights. Beef production is forecast higher for 2012, according to WASDE. Deteriorating pasture conditions are expected to increase placements in feedlots.
A slight reduction in beef production is forecast for 2013 as the earlier placement of calves in 2012 may in a small adjustment to early 2013 marketings, USDA s