Broiler production struggled for much of the year to keep up with increased demand, especially the demand created by retail inflation and more substitution by consumers for chicken and cheaper cuts of red meat. The August WASDE projected an increase in production in Q4 of this year based on egg and chick placements. August, so far, has shown production catching up with demand, at least compared to last year. At the end of June, first half production was 101.4 percent of last year. In July, production was 101.3 percent of 2021. Weekly slaughter for the last three weeks in August is 102.5 percent of last year.
There is, however, some differences among the weight categories of birds. Lighter (food service) birds are...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
