Broiler production is reduced on recent hatchery and slaughter data, says USDA’s latest World Agricultural Supply and Demand Estimates (WASDE) report.
Broiler exports for 2020 are raised on recent trade data but no change is made to the 2021 export forecast.
The report estimated 89.7 million acres of corn planted through December 2020 and is projecting 90.8 million acres for 2021 as of January. 2020 yield is 167.5 bushels per acre and 2021 is projected to be 172.0 bushels per acre.
USDA estimated 76.1 million acres of soybeans planted through December 2020 and is projecting 83.1 million acres for 2021 as of January. 2020 yield is 47.4 bushels per acre and 2021 is projected to be 50.2 bushels per acre.
The full report can be found here.
