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Higher feed costs and lower herd numbers are primary factors.
U.S. pork exports for the first 11 months of 2012 continued to exceed the record-setting pace of 2011.
For drought-forced livestock income, there is help in the form of income deferment and averaging.
The forecast for 2013 red meat and poultry production is reduced from last month as lower pork production more than offsets higher beef production.
The forecast for 2013 red meat and poultry production is reduced from last month, largely reflecting lower beef and pork production.
U.S. pork exports in September were steady with last year’s volume, while beef exports were well below a year ago, says the U.S. Meat Export Federation.