The last World Agricultural Supply and Demand Estimates presents USDA’s initial assessment of U.S. and world crop supply and demand prospects and U.S. prices for 2014/15. Also presented are the first calendar-year 2015 projections of U.S. livestock, poultry, and dairy products.
In relation to livestock and meat, total U.S. red meat and poultry production in 2015 is projected to be above 2014 as higher pork and poultry production more than offsets continued declines in beef production. Pork production is expected to increase as producers respond to the Porcine Epidemic Diarrhea virus (PEDv) by increasing farrowings and feeding hogs to heavier weights. However, a slow recovery in growth in pigs per litter is expected to constrain increases in availability of market hogs in 2015.
Pork exports are forecast higher in 2015 and imports are forecast lower as production increases.
For 2015, hog prices are forecast lower than 2014 as hog supplies increase.
Friday May 9, 2014/ OCE-USDA/ United States.