Livestock, Dairy, and Poultry Outlook: 2000 in Review and 2001 Outlook

Overview

This report examines changes in the livestock industry in 2000 and provides initial assessments of 2001 based on forecasts from the August 2001 World Agricultural Supply and Demand Estimates. Strong economic growth in the United States in 2000 boosted the demand for high quality cuts of red meats, thereby increasing wholesale prices of beef, pork and lamb. However, broiler and farm milk prices declined compared with 1999. Poultry output remained strong in 2000 as exports increased by 9 percent. Extreme weather conditions may dampen beef production in 2001. U.S. pork exports should increase by 18 percent in 2001.