Broiler production is lowered on lower slaughter to date and a slower-than-expected recovery in hatchability, says USDA’s March World Agricultural Supply and Demand Estimates (WASDE) report.
The broiler export forecast is reduced as higher prices reduce export opportunities.
The report estimated 90.7 million acres of corn planted through December 2021 and is projecting 93.4 million acres for 2022. 2021 yield is 171.4 bushels per acre and 2022 is projected to be 177.0 bushels per acre.
USDA estimated 83.4 million acres of soybeans planted through December 2021 and is projecting 87.2 million acres for 2022. 2021 yield is 51.0 bushels per acre and 2022 is projected to be 51.4 bushels per acre.
The full WASDE report can be found here.
