Red meat manufacturing revised down 1% for 2024
18 January 2024
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World beef manufacturing for 2024 is revised down 1% from the October forecast to 114.2 million lots on decrease output in China, the EU, and Brazil, consistent with the latest USDA International Markets and Business document for cattle and poultry.
China manufacturing is revised decrease as endured susceptible call for discourages increasing home manufacturing.
EU manufacturing is revised decrease on endured regulatory force and converting client personal tastes.
Brazil manufacturing is revised decrease as imports from most sensible marketplace China proceed to weaken.
US manufacturing is nearly unchanged with declines within the farrowings offset via greater pigs in step with clutter.