Broiler production forecast for 2020 fourth-quarter was decreased on recent slaughter data, while 2021 production was lowered on higher forecast feed costs. The fourth-quarter broiler export forecast was increased on recent trade data.
The 2021 first-quarter price forecast was lowered on recent prices, while the second-half price forecast was increased on expectations for tighter supplies.
The 2021 table egg production forecast was decreased on higher feed costs, while the 2020 fourth-quarter export forecast was lowered on recent trade data. The 2021 egg price forecast was increased on expectations for tighter supplies.
Turkey production forecasts were revised down in the fourth quarter of 2020 and all quarters of 2021. The turkey export forecast was revised down to 165 million pounds in the fourth quarter on weaker November exports. Due to expectations of rising feed costs and stagnant production growth, turkey price forecasts were increased in 2021.
USDA’s full Livestock, Dairy, and Poultry Outlook report can be viewed here.
