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Horizon Farm Credit reviews the 2023 poultry sector in its territory, from Delmarva to Virginia's Shenandoah Valley and central and eastern Pennsylvania. HPAI confirmed cases fell from 46 in 2022 to 33 in 2023, and broiler production rose 0.4% from 2022 while exports declined.
Rising interest rates and input costs pressured growers.
Lower broiler exports and tighter grower margins point to somewhat softer demand for feed in the region, though the effect on prices is modest.
horizonfc.comMar 27, 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.
