USDA revised the forecast for total red meat and poultry production compared with the January report, based on changes in all three species.  

WASDE USDA raised the forecast for total red meat and poultry production compared with the January report, based on increases in all three species. On the beef side, USDA's 30 January Cattle report revised the 2014 calf crop higher and highlighted that there are more cattle outside feedlots as of the beginning of 2015. Thus, greater cattle supplies outside feedlots are projected to lead to more placements than originally forecast. The placements will likely decline against last year, although at a slower rate. Likewise, cow slaughter is raised slightly from last month's projection, based...