LIVESTOCK MARKETS: Red meat, poultry production, prices to decline

Relatively weak prices expected through remainder of 2016.

In the U.S. Department of Agriculture's September “World Agricultural Supply & Demand Estimates” report, the forecast for total red meat and poultry production in 2016 was reduced to 97.552 billion lb. from last month's estimate of 97.610 billion lb. as beef, pork and broiler production forecasts were lowered. USDA made no changes to the 2017 production forecasts for red meat or turkey but reduced the 2017 production forecast for broilers.

Turkey production was raised, while be

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