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Pork Production Forecast Lower
15 August 2006US - The forecast for total U.S. meat production is reduced for both 2006 and 2007, according to the USDA's World Agricultural Supply and Demand Estimates report.
Pork production in 2006 is forecast lower in the third quarter due to lower-than-expected slaughter in July and August. In 2007, production is reduced because of lower forecast imports of hogs from Canada.
Pork exports in 2006 and 2007 are reduced because the pace of shipments is expected to slow. Price forecasts for hogs and broilers are also raised slightly for 2006. Continued strong demand is expected to support hog prices in the third quarter.
ThePigSite News Desk
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