Current estimates of second-quarter total red meat and poultry production are below earlier estimates because lower beef and turkey production will likely offset higher broiler and pork production.
Pork production has been higher and prices have been under pressure as litter size and overall hog inventories have rebounded.
Hog and pork prices for the remainder of 2015 are expected to reflect larger hog inventories and expanding pork production levels. Prices of live hogs (51-52 percent lean) are expected to average between $53-$55 per cwt for the third quarter, $45-$49 per cwt in the fourth quarter, and $50-$51 per cwt for the year.
Thursday July 16, 2015/ ERS-USDA/ United States.