ANALYSIS: Q4 Production Outlook: Broilers and Turkey Advance, Pork and Beef Contract
The October USDA Livestock, Dairy & Poultry Outlook paints a divided picture for fourth-quarter protein production. Poultry is expected to carry the growth, with both broilers and turkey projected to exceed year-ago output, while pork and beef head in the opposite direction. The shift is particularly notable for pork, which is now expected to contract in Q4 after recording production growth during the first half of the year.
Turkey leads the major protein categories in projected percentage growth. Fourth-quarter ready-to-cook (RTC) output is forecast at 1.32 billion pounds, a 6.28% increase from the...
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