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The August WASDE projects US broiler production reaching 47.5 billion lbs in 2025. The USDA lowered its 2025 broiler price forecast to $1.27 per lb and cut turkey price forecasts, while raising its 2024 egg price forecast to $2.71 per dozen.
Expected poultry output growth supports steady feed demand, while lower broiler and turkey price forecasts signal tighter margins for integrators and possibly weaker feed buying.
poultryproducer.comJimAug 14, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
