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USDA lowers pork, chicken estimates, raises beef, turkey

The USDA has raised its 2022 beef and turkey production projections, while lowering the outlooks for pork and chicken.

Commercial beef production is expected to be 27.922 billion pounds, 15 million higher than in June on expectations for a larger fourth quarter slaughter, with an average steer price of $141.30 per hundredweight, up $1.20, along with higher exports, steady imports, and lower consumption.

Commercial pork production is pegged at 27.159 billion pounds, 60 million less than last month due to a slower June slaughter pace and projected lighter weights, with an average barrow and gilt price of $70.80 per hundredweight, $.20 higher, and lower exports against higher imports and consumption.

USDA lowers pork, chicken estimates, raises beef, turkey

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