The United States Department of Agriculture has backed off its estimates for U.S. pork production in 2013, according to the agency's World Agricultural Supply and Demand Estimates report released on August 13. U.S. pork production for 2013 was forecast at 23.39 billion pounds in the August report, dropping from the 23.4 billion pound projection made in July.
The agency cited a decline in slaughter during the third quarter of 2013 as the main reason for the decline.
Projections for 2013 pork ending stocks were unchanged from the July World Agricultural Supply and Demand Estimates report at 650 million pounds, as the number of U.S. pork exports forecast also declined in August.
The U.S. pork production forecast for 2014 did not change in the August report, with 24.1 billion pounds of pork expected to be produced in the United States in 2014.