USDA raises price forecasts for beef, pork and chicken

theflyonthewall.com

In its latest monthly World Agricultural Supply and Demand Estimates report, the USDA raised its price forecasts for beef, pork and chicken. In the case of cattle prices, the USDA cited strong demand through the end of this year and into 2013 for the increased price view. Broiler prices were also raised for both 2012 and 2013 based on firm demand. Hog price forecasts for both 2012 and 2013 were raised as lower forecast production is expected to support prices, the USDA said.

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