The 2018 beef production forecast was lowered from last month due to lower expected fourth-quarter fed cattle slaughter. Carcass weights are forecast lower on a higher expected proportion of cows in the slaughter mix. Fourth-quarter and annual price projections were raised slightly.
For 2019, beef production is raised from last month, as the larger number of cattle placed in feedlots are marketed during 2019. However, carcass weight estimates were lowered for the early part of the year. Strongest beef prices are forecast for the first half of the year
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