The USDA has lowered most of its 2019 protein production projections.
The month to month reduction on beef from 27.043 billion pounds to 26.953 billion was because of expectations for a slower slaughter pace and lighter weights during the fourth quarter of the year, while also lowered imports, exports, per capita consumption, and the annual price guess.
Pork was down on the month at 27.578 billion pounds, also based on slaughter and weight expectations, with higher exports against lower consumption and prices.
Continue reading USDA cuts most meat production outlooks at Brownfield Ag News.
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