US broiler exports expected to decline 1.4% - USDA ERS

Turkeys expected to be competitively priced in 2024
calendar icon 21 March 2024
clock icon 1 minute read

Broiler exports in 2024 are expected to decline about 1.4% compared with last year, due to higher domestic prices and weak demand from China, according to a recent market report from the USDA ERS. Turkey is expected to be competitively priced in 2024, with exports forecast to be up 6.4% compared with 2023.

This month, projected broiler production for 2024 is increased on widening margins between feed costs and wholesale prices. Projected broiler prices are unchanged, but exports are adjusted down on a more competitive international market. 

Egg production is adjusted down in the first quarter of 2024 on a smaller laying flock. Egg prices are adjusted down on recent data, and projected imports and exports for eggs and egg products are unchanged from last month. 

Projected turkey production is adjusted down in the first half of 2024 on recent placement data, and projected exports are adjusted up slightly on recent trade data. Turkey prices are adjusted up in the first quarter on recent price data.

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