USDA raises meat production forecast for 2002
15/10/2002
The USDA has raised its meat production forecast for 2002, as higher beef and poultry production is expected to more than offset lower pork production. Beef production is also raised for this month as dairy producers are said to be culling larger than normal numbers of less-efficient cows. Cattle prices are lower as supplies of beef are forecast higher, and hog prices are raised as fourth-quarter slaughter is lower on last month.
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