July WASDE Livestock Price Forecasts
The July WASDE report offered initial USDA estimates for 2nd quarter 2020 red meat production. The USDA estimated that US pork packers would harvest 6,785 Mil lbs of pork in the Apr-Jun period of 2020, which if realized would be a 3% increase over 2019 and would be the largest 2nd quarter production figure on…