Broiler production estimate for 2021 is raised primarily on higher production in the second quarter, according to USDA’s June edition of the World Agricultural Supply and Demand Estimates (WASDE) report.
Broiler export forecasts for 2021 are raised on recent trade data; no change is made to 2022.
The report estimated 90.8 million acres of corn planted through December 2020 and is projecting 91.1 million acres for 2021. 2020 yield is 172.0 bushels per acre and 2021 is projected to be 179.5 bushels per acre.
USDA estimated 83.1 million acres of soybeans planted through December 2020 and is projecting 87.6 million acres for 2021. 2020 yield is 50.2 bushels per acre and 2021 is projected to be 50.8 bushels per acre.
The full June WASDE report can be found here.
