Increased levels of pork production have led to higher estimates for total meat production for 2009, according to the World Agricultural Supply and Demand Estimates report. The USDA monthly report shows that the higher level of pork production more than offset cuts in beef and turkey production, according to the PigSite.com.
Favorable summer weather and higher third-quarter slaughter weights were cited as factors leading to the higher pork production figures. Export figures, which were lowered from last month's report, were left unchanged in the October figures.
Meanwhile, price projections remained stable at $39.69 per hundredweight for barrows and gilts on a national base, live equivalent, 51 percent to 52 percent lean. Last month, USDA's projection was between $39 and $40 per hundredweight for barrows and gilts, says Meatingplace.com.
Producers plan to farrow fewer sows in 2009 and 2010 according to the quarterly Hogs and Pigs report released in September. In addition, fewer hogs are expected to be imported from Canada. Still, 2010 price projections for barrows and gilts remained stable, with an expected range of between $43 and $46 per hundredweight, compared with $43-to-$47 per hundredweight estimated in last month's report.
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