Market Outlook

 

Livestock, Dairy, and Poultry Outlook: September 2020

Summary

 

Poultry and Eggs: The third-quarter broiler production forecast was decreased on hatchery data, while the 2021 forecast was lowered on higher expected feed costs. The broiler export forecast is unchanged. The second-half broiler price forecast was increased on recent prices, while the 2021 price forecast was increased on expectations for tighter supplies. The third-quarter table egg production forecast was increased on lay rates, while the 2021 production forecast was decreased on higher feed costs. The third-quarter egg price forecast was increased slightly, while the export forecast is unchanged. The third-quarter turkey production forecast was adjusted up based on recent slaughter data. Turkey export forecasts remain unchanged, while turkey import forecasts were raised due to increasing shipments from Canada. The turkey price forecast for the third quarter was increased to 111 cents per pound, while price forecasts for the fourth quarter and 2021 remain unchanged.

See the LDP Outlook.

Last updated: Thursday, September 17, 2020

For more information, contact: Kim A. Ha