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January 11, 2013
12:12 EDTSAFM, TSN, SFD, HRL, HOGSUSDA raises price forecasts for cattle, chicken but lowers view for pork
In its World Agricultural Supply and Demand Estimates report for January, the USDA said it raised it view for cattle prices for first-quarter of 2013, reflecting current demand conditions for fed cattle. Broiler prices for 2013 were also raised from last month on expected demand strength. However, hog prices for 2013, turkey prices and egg prices were all forecast lower. Additionally, butter and cheese prices for 2013 were lowered based on current price weakness and weaker expected demand, the USDA said. Reference Link
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