WASDE Report Forecasts for 2018 for Red Meat and Poultry Production are Raised from Last Month
The USDA released its monthly World Agricultural Supply and Demand Estimates (WASDE) report Thursday at noon EST, showing the latest outlook for livestock, poultry and dairy.
The forecasts for 2018 red meat and poultry production are raised from last month. The beef production forecast is raised on higher expected cow slaughter in the third quarter. USDA will release the Cattle report on July 20th, providing a mid-year estimate of the U.S. cattle inventory as well as producer intentions regarding retention of heifers for beef cow replacement.
Forecast pork production is raised from last month as higher expected second-half hog slaughter more than offsets lower second-quarter slaughter. A more rapid pace of hog ...
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