Continued robust demand for pork and hogs, along with winter-weather-related production reductions, kept prices year-over-year higher in February, according to the latest U.S. Department of Agriculture s “Livestock, Dairy and Poultry Outlook.”
USDA economist Mildred Haley pointed out that estimated federally inspected hog slaughter last month was about 10.4 million head, almost 3% below February 2020. This reduction was largely due to nasty winter weather conditions in Midwestern States, with processing slowdowns likely to be mostly recouped in March. Estimated federal -inspected pork production last month was 2.3 billion pounds, more than 1% below a year ago, with reduced slaughter numbers partially offset by estimated dressed weights of about 218 pounds per head, almost 3 pounds heavier than a year ago.
March 2021
Livestock, Dairy, and Poultry Outlook: March 2021
The Livestock, Dairy, and Poultry Outlook for March 2021 analyzes economic impacts of month-to-month changes in USDA s World Agricultural Supply and Use Estimates Report on domestic and international markets for beef, pork, lamb, poultry, eggs, and dairy products.
Keywords: Livestock, dairy, poultry, sheep, lamb, beef, pork, cattle, hogs, milk, trade, exports, imports, production, red meats, dairy products, butter, cheese, turkey, eggs, broilers
In this publication.
2020
The Livestock, Dairy, and Poultry Outlook for February 2021 analyzes economic impacts on animal product markets of month-to-month changes in USDA's World Agricultural Supply and Use Estimates report.
The following is from Lee Mielke, author of a dairy market column known as Mielke Market Weekly.
High milk prices produce high milk production and preliminary data in the USDA s November Milk Production report proves that. Output totaled 18 billion pounds, up a very bearish 3 percent from November 2019, biggest gain since December 2014 with November output in the top 24 producing states hitting 17.2 billion, up 3.1 percent.
Revisions lowered the October 50-state and 24-state totals 7 million pounds, putting the 50-states at 18.55 billion pounds, still up 2.3 percent from October 2019.
November cow numbers totaled 9.41 million in the 50 states, up 12,000 from October s count, which was revised up 5,000 head, and is 62,000 above a year ago. November output per cow averaged 1,916 pounds, up 43 pounds, or 2.3 percent from a year ago.