Total broiler production in 2020 was 44.57 billion pounds, up 1.5 percent over 2019 despite the COVID interruptions to slaughter facilities. This is the 18th year out of the last 20 where year-over-year broiler meat production increased. The two exceptions were in 2009 and 2012, which were impacted by high feed prices.
Reviewing the most recent annual SEC 10-K financial reports, chicken companies are advising about the impact of feed costs:
10 percent increase in corn and soymeal related to approximately $300 million in increased costs $0.10/bushel increase in corn or $10/MT increase in soybeans equates to roughly $25 million in EBIT
Of course, the impact of feed prices depends on the purchasing and hedging of feed costs. Taken on...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
