America Division of Agriculture (USDA) raised its projections for U.S. broiler manufacturing for the rest of 2024 and for 2025.
Referring to U.S. turkey manufacturing, the company raised its projections for manufacturing for 2024, however its forecast for 2025 remained the similar.
The brand new forecast figures had been integrated within the USDA Global Agricultural Provide and Call for Estimates (WASDE) record, issued on September 12.
U.S. broiler manufacturing
In closing month’s WASDE record, USDA expected that 2024 U.S. broiler manufacturing would quantity to 46.9 billion kilos, however within the September record, that estimate was once raised to 47.1 billion kilos.
The record said that the 2024 projections had been adjusted as a result of “present slaughter information and hatchery information (is) pointing against extra chicks positioned within the 3rd and fourth quarters.”
The September WASDE record published the USDA expected U.S. broiler manufacturing in 2025 would achieve 47.68 billion kilos, an building up from the August prediction that 2025 manufacturing would quantity to 47.5 billion kilos. The company primarily based that vary at the pattern that manufacturers are responding to bettering margins.
U.S. turkey manufacturing
In the newest WASDE record, USDA projected that U.S. turkey manufacturing in 2024 would achieve 5.13 billion kilos, up from the 5.12 billion kilos predicted in its August record. The modified forecast was once in response to “eggs set information,” the record said.
The September WASDE record’s projections for 2025 U.S. turkey manufacturing was once unchanged from August, conserving secure at 5.18 billion kilos.
The following WASDE record might be launched on October 11.