The estimate for total red meat and poultry production for 2016 is raised slightly from last month, according to USDA’s January “World Agricultural Supply and Demand Estimates.” Broiler and turkey production for 2016 is slightly lower based on the recent slaughter. Beef production is raised on increased fed cattle slaughter and heavier carcass weights. Pork production for 2016 is slightly lower based on recent slaughter.
For 2017, poultry and red meat production is raised largely on higher forecast pork production, although forecasts of beef and broilers are raised, according to the USDA report, which is available here. Broiler production is raised for early 2017 based on recent hatchery data, but the turkey production forecast is unchanged.
