USDA adjusts poultry, egg forecasts
Prices adjusted on stronger production expectations
20 September 2022
1 minute read
By: USDA Economic Research Service broiler production forecasts in 2022 and 2023 were increased on favourable hatchery data, and 2022 and 2023 prices were adjusted down on recent data and stronger production expectations.
Forecast 2022 broiler exports were adjusted down on slow shipments in July, and the 2023 export forecast is unchanged.
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- and fourth-quarter 2022 and first-quarter 2023 wholesale egg price (New York, large, grade A) forecasts are revised upward to account for higher-than-expected August and early September prices and the impact of new Highly Pathogenic Avian Influenza (HPAI) discoveries on prices.
Turkey production for 2022 and 2023 is lowered on new HPAI discoveries. Turkey exports are unchanged for 2022 and 2023; imports are raised for 2022 and unchanged for 2023. Turkey prices are unchanged for 2022 and increased for the first two quarters of 2023.
