The USDA has lowered its 2020 U.S. pork production projection, while increasing the expectations for beef, broilers, and turkey.

Pork production is pegged at 28.157 billion pounds, down 80 million from September on a slower commercial slaughter pace during the second half of the year and lighter carcass weights, with an average barrow and gilt price of $43.25 per hundredweight, up $3.85 on the month, with a lower exports and higher imports and consumption.

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