Pigs report will be released on June 29 and provide an
indication of producer farrowing intentions for the remainder of the year. Beef production is
reduced slightly as lower steer and heifer slaughter more than offsets higher dressed weights and
higher cow slaughter. Small changes are made to 2013 beef and pork forecasts, largely reflecting
higher expected carcass weights. Broiler and turkey production forecasts for 2013 are unchanged.
Offsetting changes are made to 2012 quarterly egg production forecasts but the annual forecasts
for 2012 and 2013 are unchanged from last month.
Forecasts for 2012 beef, broiler, and turkey trade are adjusted to reflect first-quarter data.
Forecasts for 2013 are unchanged from last month. Pork exports for 2012 are raised from last
month on the strength of trade data to date with a slight increase in forecast exports for 2013.
The cattle and turkey price forecasts for 2012 are unchanged from last month, but hog and broiler
prices are reduced, reflecting larger production. Egg prices for 2012 are raised as recent prices
have been stronger than expected. Prices for 2013 are unchanged.
The milk production forecast for 2012 is raised as cow numbers are expected to decline more
slowly. The production forecast for 2013 is unchanged. Export forecasts are raised for both 2012