date:Aug 15, 2012
months estimate of 82-84 cents per lb.
For beef production when compared with last months report the Board slightly increased its outlook this month to 24.671 billion lbs., but down 3.9 percent from the 25.679 billion lbs. now seen for this year. Pork production was also reduced for next year with 22.962 billion lbs. likely or 1.2 percent under the 23.249 billion lbs. expected this year.
For total combined red meat and poultry production, the Board forecasts 90.253 billion lbs., 1.450 billion