“If we step back and look at what that means for farmland, we're taking our energy production system from highly centralized production facilities and we have to distribute it,” says David Muth.
The 2013 forecast of total red meat and poultry production is raised from last month as higher beef, broiler, and turkey production is expected to more than offset lower forecast pork production.
Cattle futures gained for the sixth time in seven sessions on signs of increasing demand for beef in the U.S. as meatpacking plants process fewer animals.
The 2013 forecast of total red meat and poultry production is raised from last month reflecting higher forecast beef, pork, broiler, and turkey production.
It’s no surprise the 2012 drought left pork producers with short, and expensive, feed supplies. The pork sector will not see much relief until mid-2013.
For January through October, U.S. pork exports were 3% ahead of last year, while beef saw an 11% decline in volume but values 2% ahead of last year’s record pace.
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.