The USDA made month to month increases for 2020 production projections for beef, pork, and broiler chickens.

Beef was raised 260 million pounds on the month to 26.934 billion because of higher slaughter rates and heavier carcass weights, lowering the average steer price outlook by $1.80 to $106.80 per hundredweight, with lower exports and higher imports and domestic consumption.

Pork came out at 28.536 billion pounds, up 770 million from June, with the USDA expecting a higher third and fourth quarter slaughter numbers, slashing the average barrow and gilt price $3.50 to $38.90 per hundredweight and increasing imports, exports, and per capita consumption.

…