USDA raises meat production forecast for 2002 - leatherbiz: Leading ne Leatherbiz

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USDA raises meat production forecast for 2002

16/07/2002

The United States Department of Agriculture (USDA) has raised its forecast for total U.S. meat production for 2002 due to higher expected beef and pork production in May. Cow slaughter has been above earlier expectations and steer weights in the second quarter were heavy.

Increased cow slaughter and large feedlot placements of heavyweight cattle also in May suggest that producers may not be planning to expand herds given current forage conditions. The USDA report Cattle report and Cattle on Feed report, scheduled for release on July 19, will provide an indication of producer intentions. For the latest USDA slaughter and export figures go to: http://www.leatherbiz.com/ViewRelease.asp?mi=1&ID=2665



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