The USDA has higher expectations for 2024 U.S. red meat and poultry production.
Beef is seen at 26.455 billion pounds, up 130 million from March on a faster slaughter rate and heavier average weights, with an average steer price of $185 per hundredweight, $2 higher, and steady imports, along with increased exports and consumption.
Pork is estimated at 28.09 billion pounds, 180 million higher, because of the processing pace, with an average barrow and gilt price of $63 per hundredweight, up $2, and larger imports, exports, and consumption.
