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USDA data showed March US egg production rose 1% to 9.29 billion, helped by a higher rate of lay despite fewer laying hens. Egg-type chick hatch fell 4% to 56.5 million, while broiler-type chick hatch rose 1% to 854 million.
Lower egg-type hatch and placements point to tighter future egg supply, while higher broiler hatch signals more chicken supply. Both affect feed demand over coming months.
poultryproducer.comJimApr 23, 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.
