# 4 variables for US egg producers to factor in 2024 plans | WATTPoultry.com

> US egg producers face 2024 cost and market variables, including lower feed costs. The December 2023 WASDE projected the 2023-24 corn price at $4.85 per bushel, down 26%, and soybean meal at $390 per ton, down 14%. Ongoing HPAI risk and industry consolidation are also cited as factors.

- Date: 2024-01-11 · published 2024-01-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/32150-4-variables-for-us-egg-producers-to-factor-in-2024-plans-wattpoultry-com
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower projected corn and soymeal prices reduce layer feed costs, which supports egg producer margins and can sustain flock rebuilding.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-01-18 | [Ag economist says livestock producers could see lower feed costs in 2024 – WZBD](https://feedsoft.ai/events/32255-ag-economist-says-livestock-producers-could-see-lower-feed-costs-in-2024-wzbd.md) | +1.1% | -5.6% |
| CORN | 2021-05-18 | [Corn Production Expected to Grow in 2021](https://feedsoft.ai/events/47087-corn-production-expected-to-grow-in-2021.md) | +0.7% | +3.5% |
| CORN | 2024-02-20 | [FAS forecasts China's chicken production, consumption down in 2024](https://feedsoft.ai/events/31831-fas-forecasts-china-s-chicken-production-consumption-down-in-2024.md) | -2.7% | +4.7% |
| CORN | 2023-12-23 | [CoBank predicts solid 2024 For US biofuels industry  : The Daily Digest](https://feedsoft.ai/events/32677-cobank-predicts-solid-2024-for-us-biofuels-industry-the-daily-digest.md) | +1.9% | -1.6% |
| CORN | 2025-02-28 | [US soybeans production to fall in next marketing year: USDA](https://feedsoft.ai/events/26096-us-soybeans-production-to-fall-in-next-marketing-year-usda.md) | -2.4% | +0.5% |
| SBM | 2024-01-18 | [Ag economist says livestock producers could see lower feed costs in 2024 – WZBD](https://feedsoft.ai/events/32255-ag-economist-says-livestock-producers-could-see-lower-feed-costs-in-2024-wzbd.md) | +1.1% | -3.7% |
| SBM | 2024-02-20 | [FAS forecasts China's chicken production, consumption down in 2024](https://feedsoft.ai/events/31831-fas-forecasts-china-s-chicken-production-consumption-down-in-2024.md) | -3.3% | -5.5% |
| SBM | 2024-08-23 | [How Pro Farmer's 2024 Yield Estimates Compare to USDA Expectations - AgWeb](https://feedsoft.ai/events/13162-how-pro-farmer-s-2024-yield-estimates-compare-to-usda-expectations-agweb.md) | +1.2% | +4.4% |

## Sources

- wattagnet.com: https://www.wattagnet.com/egg/blog/15661836/4-variables-for-us-egg-producers-to-factor-in-2024-plans

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.