Livestock, Dairy, and Poultry Outlook: July 2012
by Rachel Johnson
Outlook No. (LDPM-217) 17 pp, July 2012
Beef/Cattle: Following on the heels of last year’s drought, this year’s lack of adequate rainfall over more than half of the United States has resulted in rapidly deteriorating crop and pasture conditions that have driven corn prices higher and cattle prices lower.
Keywords: beef, cattle, hogs, pork, dairy, lamb, sheep, poultry, trade
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On August 6, 2012, the following error was corrected on the U.S. red meat and poultry forecasts table: - Per capita disappearance, retail lb for beef for 2012 QII was changed from 41.6 to 14.6.
On July 25, 2012, the following corrections were made to the U.S. red meat and poultry forecasts table originally released on July 24, 2012:
• Beef: 2011 annual production was changed from 36,195 million pounds to 26,195 million pounds.
• Pork: 2011 annual production was changed from 22,752 million pounds to 22,758 million pounds.
• Pork: Third quarter 2012 production was changed from 5,260 million pounds to 5,620 million pounds.
• Total red meat and poultry: Annual 2012 production was changed from 92,132 million pounds to 92,140 million pounds.
• Total red meat and poultry: Annual 2013 production was changed from 92,742 million pounds to 92,052 million pounds.
• Choice slaughter lambs, San Angelo: Fourth quarter 2011 changed from $148.93/cwt to $148.61/cwt.
• Choice slaughter lambs, San Angelo: 2011 annual changed from $160.68/cwt to $160.60/cwt.