Broiler production is raised on expected growth in eggs set and chicks placed during the year, according to USDA’s October World Agricultural Supply and Demand Estimates (WASDE) report.
Broiler export forecasts for 2022 and 2023 are unchanged.
The report estimated 93.3 million acres of corn planted through December 2022 and is projecting 88.6 million acres for 2023. 2022 yield is 176.7 bushels per acre and 2023 is projected to be 171.9 bushels per acre.
USDA estimated 87.2 million acres of soybeans planted through December 2022 and is projecting 87.5 million acres for 2023. 2022 yield is 51.7 bushels per acre and 2023 is projected to be 49.8 bushels per acre.
The full report can be viewed here.
