USDA livestock production and marketing Outlook: increase in production and decrease in price
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Last Update: 2002-04-18
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Source: Internet
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Author: User
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Lead: Washington, April 16 (Reuters) - U.S meat production in 2002 was estimated to be about 84 billion pounds, an increase of 1% over the previous year, according to the outlook report on livestock and poultry dairy products released by the Bureau of Economic Research of the U.S Department of agriculture on Tuesday Among all meat products, poultry and pork production will increase moderately, while beef production will remain basically unchanged The reason is that the continuous drought makes more cattle sent to the fattening farm, and the stock of cattle will not increase for at least one year The March pig quarter reported a 2% increase in the number of pigs on hand Producers forecast that piglet production in March August will increase by 3% over the same period last year Due to the expected decline of several major meat exports, the total meat exports of the United States will decrease by 2% in 2002 Poultry exports were lower than expected due to a ban on U.S poultry imposed by Russia and Japan The increase of production and the decrease of export volume will cause the decrease of domestic market price The price of pigs has weakened It is expected that the average price for the whole year will be about $40 per hundredweight, down $6 from 2001 The average price of chicken and Turkey will fall by 2% this year (author:) share to feed Weibo share to:
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