The USDA has lowered its total U.S. red meat and poultry production forecast for 2023 to 105.34 billion pounds due to lower beef production that more than offsets higher pork and poultry production, according to the latest “World Agricultural Supply and Demand Estimates” report.
Beef production in 2023 is forecast lower at 25.95 bil. lbs., down from 27.84 billion lbs. in 2022, with expected declines in both fed and non-fed cattle supplies. Pork production is forecast higher at 27.37 bil. lbs., up from 27.04 bil. lbs. in…
