USDA Lowers 2023 Red Meat and Poultry Production Forecast
The beef production forecast was lowered to 28.96 billion pounds due to lower steer and heifer slaughter and lighter dressed weights. The decline in the pork production forecast to 27.26 billion lbs. reflected lighter dressed weights, USDA said, even as slaughter was raised slightly. On the poultry side, 2023 broiler production, at 46.98 billion lbs., was reduced on lower expected eggs set and continued relatively low hatchability. Read more here.