LIVESTOCK & POULTRY: The forecast for 2022 red meat and poultry production is raised from last month as higher beef, broiler, and turkey forecasts for the fourth quarter are partly offset by lower pork. Beef production is raised with higher expected cattle slaughter as well as heavier ...
offsetting lower expected fed cattle slaughter and raising 2022 production to 27.8 billion. Based on anticipated tight supplies of cattle next year, 2023 beef production is expected to decline 6.8 percent to 26.0 billion pounds. As a result, aggregate domestic beef disappearance...
With holiday-shortened slaughters in two of the next three weeks, cash sources say packers could pull back the reins on cash bids this week. Of course, they’ve been warning of that happening the past couple of weeks. The CME lean hog index is down a penny to $83.90 as...