ApprovedbyUSDA’sWorldAgriculturalOutlookBoardLivestock,Dairy,andPoultryOutlook2020ExportsforMostRedMeatsandPoultryForecastHigherU.S.exportsofredmeatandpoultryareexpectedtoincreasebymorethan4percentin2020.Beefexportsareforecasttoincrease2.7percent,largelyduetoloweranticipatedcompetitioninAsianmarkets,asbeefsuppliesinOceaniawillreflectweather-relatedherdreductionthisyear.Porkexportsareexpectedtoincreasemorethan7percentnextyearasMexicandemandforU.S.porkisre-establishedfollowingtheremovaloftariffsinmid-May,2019.Broilerexportgrowthisforecastat2.3percentbasedonexpectationsofincreaseddemandinlow-andmiddle-incomecountries,particularlyastheglobalmeatandpoultrymarketispressuredbyshiftingChinesedemand.Growthof3percentisanticipatedforturkeyexportsnextyear,supportedbystrengthinshipmentstoMexico—thelargestbuyerofU.S.turkeymeat—withcontinuedlowturkeypricesexpectedtodrawadditionalinternationalbuyinginterest.LambandmuttonexportsarelikelytofallasU.S.productiontrendslower.Exportvolumesforeggsandeggproductsareforecasttodecreaseby3percent,basedonexpectationsofcontinuedsoftnessinforeigndemand.Dairyexportsareexpectedtogrow3.3percentnextyearasglobaldemandfordairyproductsgrows.2.77.4-8.42.33.0-33.3-10-8-6-4-20246810BeefPorkLamb&MuttonBroilersEggs%Percentchangeinexports(2020/2019)Dairy*Source:USDA,EconomicResearchService.*Dairyexportsarereflectedonaskim-solidsmilk-equivalentbasis.TurkeyEconomicResearchService|SituationandOutlookReportNextreleaseisJuly17,2019LDP-M-300|June17,20192Livestock,Dairy,andPoultryOutlook,LDP-M-300,June17,2019USDA,EconomicResearchServiceBeef/Cattle:Thecostoffeedingcattleisexpectedtorisethisyear,likelyslowingthepaceofplacementsinfeedlotsandreducinganticipatedmarketings.Thispromptedforecastsforbeefproductionin2019and2020tobereducedslightlyonlowerexpectedfedcattleslaughter.Cattlepriceforecastswereloweredtoreflectcurrentpriceweakness.Beefimportscontinuetoexceedyear-earlierlevels,butexportslagbehindinearly2019.Dairy:Duetorecentdeclinesinmilkcownumbers,relativelyhighs...
