Broiler, egg manufacturing anticipated to fall
14 September 2023
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The United States Division of Agriculture has decreased the forecast for US poultry manufacturing, consistent with the newest International Agricultural Provide and Call for Estimates (WASDE) file.
The forecast for 2023 poultry manufacturing is decreased from final month, on decrease broiler forecasts. Broiler manufacturing is decreased on present slaughter knowledge and expectancies of a decrease collection of chicks positioned and lighter chook weights. Turkey manufacturing is unchanged from final month. Egg manufacturing is decreased on hatchery knowledge.
For 2024, the poultry manufacturing forecast is decreased on decrease broiler manufacturing as weaker costs are anticipated to constrain manufacturing expansion. No adjustments are made to the turkey forecast. The slower tempo of egg manufacturing expansion for 2023 is predicted to hold into the primary a part of 2024, lowering the manufacturing forecast.
Broiler exports for 2023 and 2024 are decreased at the present tempo of business and a decrease manufacturing forecast. Turkey exports are raised for 2023 and 2024 as costs are anticipated to be horny for consumers.
The broiler value forecast for 3rd quarter 2023 is raised on present costs however the forecasts for the outlying quarters, together with 2024, are unchanged from final month. Turkey value forecasts for 2023 and 2024 are decreased on persisted weak point in call for. Egg value forecasts are raised on slower anticipated manufacturing expansion.