United States Ag Production
The 2022 forecast for total red meat and poultry production is lowered slightly from last month, as higher forecast beef and turkey production is more than offset by lower projections for pork and broilers.
The beef production forecast is raised from the previous month on higher fed and non-fed cattle slaughter. Pork production is lowered on a slower pace of slaughter and slightly lighter carcass weights. Broiler production is lowered on lower slaughter to date and a slower-than-previously-expected recovery in hatchability. Turkey production forecasts are raised on early-year hatchery data. The egg production forecast is reduced on slower expected growth in first-half production. Supply and use estimates for 2021 are adjusted for revisions in production and stock data.