US broiler production up, exports down
Forecasts for table-egg production are revised up
25 August 2022
1 minute read
By: According to the most recent USDA Economic Research Service Market Outlook Report for poultry and eggs, broiler production in 2022 was adjusted up on recent production and hatchery data, while exports were revised down in 2022 and 2023 reflecting corrected data.
Broiler price forecasts were adjusted down on recent price trends and strong availability.
Following recent trends in relevant indicators and data, 2022 and 2023 forecasts for table-egg production are revised up, while egg and egg products export forecasts are revised down.
The third-quarter wholesale egg price (New York, Large, Grade A) forecast is revised up to account for July’s record-high values.
For turkey, 2022 and 2023 production forecasts are revised down. Forecasts for ending stocks are unchanged. Export forecasts for 2022 and 2023 are raised. Prices are raised 5 cents for the third quarter of 2022 and 9 cents for the fourth quarter. 2023 prices are raised as well.
