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US Poultry Export Forecast Raised for 2012

10 February 2012, at 7:09am

US - Lower expected broiler weights are underpinning the reduced forecast for broiler meat production, according to the World Agricultural Supply and Demand Estimates.

The 2012 forecast of total red meat and poultry production is lowered from last month as reduced broiler meat production is expected to more than offset higher forecast beef, pork, and turkey production.

Lower expected broiler weights are underpinning the reduced forecast, with hatchery data continuing to point toward fewer birds for slaughter during most of 2012.

Egg production is lowered slightly for 2012. Estimates of 2011 meat and egg production are adjusted to reflect December data.

Broiler prices are raised, reflecting lower production, and turkey prices are raised on current price strength. The egg price range is narrowed.

Further Reading

- You can view the full report by clicking here.