In the latest “World Agricultural Supply and Demand Estimates” report, USDA lowered the forecast for 2023 red meat and poultry production to 1.07 billion pounds (lbs.), down slightly from last month. According to the agency, the reduction is due to higher beef and pork production that was more than offset by lower broiler and turkey production.
USDA raised beef production to 26.98 million lbs. on higher cow and bull slaughter in the second half of the year “which more than offsets lowered third-quarter steer and heifer slaughter.” However, the increase in total slaughter is…
