US egg exports mostly lower in first half of 2022
Broiler meat exports up 3%
19 August 2022
2 minute read
By: US export quantities of eggs, turkey and pork in the first half of 2022 were down compared to the first half of 2021, while exports of broiler meat and beef were up, according to the most recent report from the USDA's Economic Research Service (ERS).
Egg and turkey exports, which were down 38% and 20%, respectively, were negatively impacted by the outbreak of Highly Pathogenic Avian Influenza. Egg export quantities to Canada remained relatively flat but there were significant decreases in exports to the other major markets (Mexico, Japan, and Hong Kong).
Exports of turkey to Mexico, the leading destination for US turkey exports, were down 18% from last year. Broiler exports were up 3%, with exports to Taiwan increasing over 64% from the previous year helping offset the decrease in exports to the two other major markets, Mexico and Cuba.
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.
