Red meat production forecast record large

Red meat production forecast record large

Although beef production this year is estimated to be 2.1% less by the Livestock Marketing Information Center, record-large pork and broiler production set the stage for record-large red meat and poultry production.

Total U.S. red meat and poultry production is expected to be record large this year at 94.5 billion pounds, according to the Livestock Marketing Information Center (LMIC).

This year’s surge comes from the projected increases in pork production (7.5%) and broiler production (4.5%). Estimates call for 2.1% less beef production, the least since 1993.

“In 2016, record-large red meat and poultry output of about 96.6 billion pounds is forecast, up 2% to 2.5% year over year,” LMIC analysts say. “Current forecasts suggest year-over-year growth in output of all major meat and poultry categories. Still, on a per-person basis, disappearance will remain well below record levels; for 2016 likely in the range of 211 to 213 pounds per capita. That is a slight increase of 0.5 pounds for the year and small compared to 2015’s increase (up 9.6 pounds).”

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LMIC analysts explain the growing U.S. population and exports are the reasons domestic per capita consumption this year—estimated at 211.5 pounds—will fall short of previous records.

 

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