US poultry production forecast raised
The forecast for total 2008 US meat production is
raised primarily reflecting higher first quarter production forecasts for all
Chicken and turkey meat
CattleNetwork reports that the production forecast for poultry has been
raised. Production for both broiler and turkey meat in January 2008 was large.
Additionally, hatch data points to relatively large expansion into the second
However, high feed prices and steadily weakening broiler prices during the
year are expected to result in slower broiler production expansion in the second
half of 2008 than forecast last month.
Broiler export forecasts are raised as sales are expected to remain
Egg production forecast has been reduced slightly for the year as the
industry has not responded as rapidly as expected to egg price increases. Prior
year production estimates for poultry and eggs are adjusted to reflect recent
slaughter and production revisions.
Turkey and egg price forecasts also are raised for the outlying quarters of
2008 as production responses have been slow and markets are expected to remain
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