The March WASDE projected broiler production to increase based on recent hatchery data. So far, broiler chicks placed through 18 March are 101 percent of last year at 2.05 billion. But there are still hatchability issues plaguing the sector, which encumber the potential number of chick placements. For the week ending 18 March, the hatchability rate – the number of chicks hatched divided by the number of eggs set – was 79.2 percent, still lagging a more normal rate. Hatchability has been an issue for the past couple of years. Things looked promising early in 2023, but hatchability has trended back down.
Looking at the longer term, chicks placed as a percent of eggs set is 79.7 percent so far in 2023, that is below the...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
