Broiler production for 2020 is forecast 0.3-percent below production last year. For 2021, broiler production is expected to be 2.1-percent higher than the 2020 forecast.
The third-quarter broiler production forecast was increased on recent hatchery data, while the price forecast was revised lower on expectations for abundant supplies. The export forecast is unchanged. The table egg production forecast was reduced on anticipation that food service demand will remain weak, while the wholesale price forecast was decreased on supplies outpacing demand. The egg export forecast was increased on expectations for strong demand from Mexico. Turkey production was revised down in 2020 and 2021 on low poult placements. Turkey export forecasts were revised down reflecting lower production expectations and low exports so far this year. The turkey price estimate was revised up for the current quarter on strong weekly prices but remains unchanged for the outlying quarters.
USDA’s latest Livestock, Dairy, and Poultry Outlook report can be viewed here.
