LIVESTOCK MARKETS: All animal protein production to rise in 2017

LIVESTOCK MARKETS: All animal protein production to rise in 2017

Prices of fed cattle, hogs, broilers and turkeys in 2017 are expected to fall below 2016 price levels.

The newly released May “World Agricultural Demand & Supply Estimates” report from the U.S. Department of Agriculture’s National Agricultural Statistics Service forecasts total U.S. red meat and poultry production in 2017 to be above 2016 levels.

Total red meat and poultry production will increase 2.9% in 2017 from 2016 production (Figure). Total poultry and red meat are forecasted to increase 2.5% and 3.3%, respectively. Milk production, adjusted for leap year, is also expected

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