The 2013 forecasts for broiler production and poultry exports are raised from last month, according to the World Agricultural Supply and Demand Estimates report, released by the U.S. Department of Agriculture February 8.
The forecast rise in production is based off of hatchery data pointing to continued expansion of bird numbers.
Slaughter weights have also been increasing, adding to the overall higher forecast. Estimated production was at 37,300 million pounds, up 500 million pounds from a month ago, but down 264 million from a year ago.
Total supply numbers projected for February are at 37,666 million pounds, up 498 million from January.
Exports showed a gain of 200 million pounds from a month ago, with ending stocks staying level. The increase is based off of stronger demand. Imports were unchanged.
The projected broiler price range for broiler meat is from 92 to 98 cents per pound, up two cents from a month ago. The price one year ago was 86.6 cents per pound.
The report also indicated a projected production and export increase for U.S. turkeys. The production increase of 25 million pounds from January is based off slightly higher hatchery data. The February figure of 6,035 million pounds shows progress from the estimate of 5,968 million pounds in February 2012.
Total supply for turkeys was forecast at 6,261 million pounds, up 45 million pounds from the previous month. Projected poultry exports showed an increase of 100 million pounds from a month ago, and 23 million pounds from a year ago.
The projected turkey price stayed level this month with a range of $1 to $1.07.
The World Agricultural Supply and Demand Estimates report also reflected the forecast for beef and pork production to be higher. To see full report click here.
The forecast rise in production is based off of hatchery data pointing to continued expansion of bird numbers.
Slaughter weights have also been increasing, adding to the overall higher forecast. Estimated production was at 37,300 million pounds, up 500 million pounds from a month ago, but down 264 million from a year ago.
Total supply numbers projected for February are at 37,666 million pounds, up 498 million from January.
Exports showed a gain of 200 million pounds from a month ago, with ending stocks staying level. The increase is based off of stronger demand. Imports were unchanged.
The projected broiler price range for broiler meat is from 92 to 98 cents per pound, up two cents from a month ago. The price one year ago was 86.6 cents per pound.
The report also indicated a projected production and export increase for U.S. turkeys. The production increase of 25 million pounds from January is based off slightly higher hatchery data. The February figure of 6,035 million pounds shows progress from the estimate of 5,968 million pounds in February 2012.
Total supply for turkeys was forecast at 6,261 million pounds, up 45 million pounds from the previous month. Projected poultry exports showed an increase of 100 million pounds from a month ago, and 23 million pounds from a year ago.
The projected turkey price stayed level this month with a range of $1 to $1.07.
The World Agricultural Supply and Demand Estimates report also reflected the forecast for beef and pork production to be higher. To see full report click here.
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