The latest U.S. De­­partment of Agriculture (USDA) World Agricultural Supply and Demand Estimates (WASDE) report raised the estimate for 2020 U.S. red meat and poultry production based on higher beef, pork and broiler activity.

Beef production was raised from the previous month on higher expected slaughter of both fed and non-fed cattle. 

The pork production forecast was raised on a more rapid pace of slaughter. 

The broiler production forecast was raised on higher expected production for the fourth quarter. 

Similarly,...