Feed costs to pressure meat, poultry production

Higher feed prices are forecasted to slow red meat and poultry production, according to the US Department of Agriculture’s World Agricultural Supply and Demand Estimates (WASDE). USDA reduced meat and poultry production forecasts for from July with the expectation that rising feed costs will pressure the pace of pork and poultry expansion and temper growth in weights. Beef production is forecast higher for 2012, according to WASDE. Deteriorating pasture conditions are expected to increase placements in feedlots.  Read More