Beef production expected to decline next year

According to the USDA’s latest WASDE report, total U.S. meat production in 2013 is projected to be above 2012 as higher pork and poultry production more than offsets continued declines in beef production. Lower forecast feed costs and relatively strong, albeit declining hog, broiler, and turkey prices are expected to provide incentives for continued pork and poultry expansion. Beef production will decline in 2013 due to tighter supplies of fed cattle and lower cow slaughter. Click here to read more at Drovers/CattleNetwork…