The 2020 broiler production forecast was decreased on expectations for decreased demand from food service and foreign markets, while the price forecast was revised down on recent price movements and weakening demand in global markets, according to USDA’s April 15 Livestock, Dairy, and Poultry Outlook report.
The 2020 export forecast was decreased on expectations for weakening economic conditions in global markets. The table egg production forecast was revised down on expectations for a smaller layer flock, while the 2020 price forecast was increased on expectations for strong demand and tightening supplies.
The first-quarter egg export forecast was increased on strong export demand, while the second- and third-quarter forecasts were decreased on expectations for slowing exports due to higher egg prices and a strong dollar.
The 2020 turkey production forecast was decreased on lower-than-expected average weights. Wholesale turkey prices for the remainder of 2020 were revised up on expectations for strengthening demand. Turkey exports for 2020 were revised down after lower-than-expected exports in January and February and expectations for weakening demand from Mexico
Red meat and poultry disappearance is calculated as the volume of meat and poultry production that remains for domestic use after subtracting net trade and changes in cold storage volumes. Dividing this residual by the U.S. population yields the per capita quantity for use in the domestic market. Although per capita disappearance factors in both imports and exports, it is largely a supply statistic. It does not take account of waste or nonfood uses of meat products. It imparts no information about prices, tastes and preferences, and other demand factors that ultimately determine how much red meat and poultry individual consumers will choose to buy and consume.
