Market Outlook

See the latest Livestock, Dairy, and Poultry Outlook report.

Summary

Poultry/Eggs: Projected broiler production and exports are adjusted down in 2023 and 2024 on recent hatchery, production, and trade data. Broiler import projections are unchanged. Broiler prices are adjusted up in the third quarter of 2023. Table egg production is adjusted down in 2023 and 2024 based on the slow rate of growth of the layer flock. Projected hatching-egg production is decreased on lowered broiler production expectations. Wholesale prices for eggs are adjusted up in 2023 and 2024 on recent data and lowered supply expectations. Egg and egg product export expectations are lowered in the second half of 2023 on lower supply, while projected imports are increased in 2023 and 2024 on recent trade data. Turkey production projections are unchanged from last month. Projected imports are increased in 2023, and exports are increased slightly in 2023 and 2024 on the strength of recent shipments. The projected third-quarter turkey price is unchanged, but the outlying quarterly prices are adjusted down on recent price trends.

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