Imports
A downward revision in the United States is driven by increased production, constrained
consumption as economic recovery is slower than expected and a weaker dollar a
relatively high-priced Oceania product hinders imports. Similarly, sluggish economic
recovery and elevated prices hinder Mexican and EU imports. The EU is also negatively
impacted by further reductions in Argentine exportable supplies.
Korea is revised upward on lower production, reduced pork supplies and rising consumer
confidence in U.S. beef.
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