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USDA's Economic Research Service raised 2022 broiler production estimates while cutting broiler exports for 2022 and 2023. Broiler price forecasts were lowered on strong availability, while egg production forecasts were revised up and turkey production cut.
Higher broiler output and lower export forecasts point to ample supply and softer chicken prices, reducing near-term poultry feed demand.
thepoultrysite.comMelanie EppAug 24, 2022Not 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.
