The U.S. meat industry is set to post another strong production year and an abundant supply of pork, beef and poultry is lowering prices for consumers, industry experts say.
The 2016 forecast for total red meat and poultry production rose about 100 million tons from last month's estimate, according to the United States Department of Agriculture's November World Agricultural Supply and Demand Estimates report.
Last year, the poultry and red meat industries produced a record 94.2 billion pounds, according to the USDA. Poultry production was a record of 46.3 billion pounds.
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