The 2011 forecast of total poultry and red meat production has been raised, reflecting higher turkey, beef and pork production, but lower broiler production, according to the U.S. Department of Agriculture's latest world agricultural supply and demand estimates.
Broiler production estimates have been reduced as lower egg sets point to a sharp reduction in later-year bird slaughter. However, continued relatively heavy bird weights have resulted in an increase in expected third-quarter production. Table egg production estimates have increased but have been partly offset by lower expected broiler hatching egg production. For 2012, broiler production has been reduced from September estimates, specifically in the first quarter, as broiler price forecasts have been weakened.
Broiler exports have been raised slightly for 2011, but remain the same for 2012.
