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Beef Production Down 5%
2014-09-13 16:34:00| Beef
By 2016, LMIC analysts project beef production to be lower than pork production for the first time since 1959. Through August , based on USDA reports, beef production was 5% less than a year earlier. LMIC analysts forecast beef production to be 2% lower in 2015 before rebounding by 0/1% in 2016. For 2014, beef production is down as supplies of cattle coming out of feedlots have been below expectations," WASDE analysts say. "However, this is partly offset by higher expected dressed weights as lower feed costs and reduced heifer and cow slaughter boost weights. read more
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