LIVESTOCK, POULTRY, AND DAIRY: The estimate of 2015 total meat production is lowered from last month as lower pork, broiler, and turkey production more than offsets higher beef production. For 2016, the forecast is raised as higher pork, broiler, and turkey production more than offsets lower forecast beef production.
Egg production for 2015 and 2016 is unchanged. Egg prices are lowered for 2016 reflecting recent price movements.
Milk production for 2015 is raised on slightly stronger growth in milk per cow. Forecast 2016 milk production is reduced from last month. Exports are lowered on both a fat- and skim-solids basis as global supplies of dairy products remain large and demand remains relatively weak. Continued strength in domestic butter use will also limit the competitiveness of U.S. butter in world markets. Fat and skim solid-basis imports for 2015 are unchanged. For 2016 both fat and skim-solids imports are raised largely on higher cheese imports.