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Wednesday, July 13, 2016

Latest Sugar, Livestock, Poultry And Dairy Production Numbers

SUGAR: Sugar production for the fiscal year 2016/17 is increased 250,896 short tons, raw value to 8.961 million. Sugarbeet planted area is forecast at 1.166 million tons, up slightly from last year. Projected 2016/17 beet sugar production for the August/July crop year is increased to 5.333 million short tons, raw value. NASS projects sugarcane harvested area at 918,200 acres, up 3.5 percent from last year. Imports for 2016/17 are reduced to 3.068 million short tons, raw value.  Exports to the United States are projected to decrease to 1.173 million.
LIVESTOCK, POULTRY, AND DAIRY: The forecast for total red meat and poultry production for 2016 is raised from last month. Beef production is forecast higher largely on the pace of slaughter in the second quarter. Pork production for 2016 is also raised, based on second quarter slaughter. Broiler production for 2016 is raised on year-to-date production and hatchery data. The turkey production forecast is raised on second quarter production data. For 2017, pork production is reduced. The milk production forecast for 2016 is lowered from last month as the pace of cow herd expansion has slowed. Cheese, butter, nonfat dry milk, and whey prices for 2016 and 2017 are forecast higher as demand remains robust.