The USDA has reduced 2021 production expectations for pork, chicken, and turkey, and raised the outlook for beef.

Beef production is now pegged at 27.9 billion pounds, up 260 million from April on higher slaughter rates, with an average steer price of $116.30 per hundredweight, $.30 higher, and increases in imports, exports, and consumption.

Pork is estimated at 28.221 billion pounds, down 54 million due to lower carcass weights, with an average barrow and gilt price of $67.20, a jump of $1.70, slightly higher imports, a big jump in exports, and a modestly reduction in consumption.

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