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USDA releases updated World Agricultural Supply and Demand Estimates report

09 November 2018
USDA

USA, 9 November 2018 - The forecast for 2018 total red meat and poultry production is lowered from last month as lower beef, pork, and turkey production more than offsets higher broiler production

The broiler production forecast is raised as higher reported third-quarter slaughter more than offsets small declines in fourth-quarter production. The turkey production forecast is reduced on thirdquarter slaughter data; no change is made to the outlying quarter. The 2018 egg production forecast is unchanged from last month.

For 2019, Turkey production is lowered as the sector continues to adjust to relatively weak prices. The 2019 egg and broiler production forecasts are unchanged from the previous month.

The 2018 broiler import and export forecasts are raised on recent trade data. The 2018 turkey export forecast is reduced on slow global demand. No change is made to the 2019 turkey export forecast.

The 2018 broiler price forecast is raised from the previous month on current prices, but no change is made to the 2019 price forecast. The 2018 turkey price forecast is lowered from last month, but no change is made to 2019 forecast. The 2018 and 2019 egg price forecasts are unchanged from the
previous month.

See the full World Agricultural Supply and Demand Estimates report here

ThePoultrySite News Desk





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