2024 is starting off to be a stronger year for broilers, and gaining momentum as the year progresses. Production through Q1 is 99 percent of last year in pounds (15.130 billion) and head slaughtered (2.323 million). But with softening feed prices and increased parts prices, margins are positive and at their highest since the first half of 2022.
Boneless skinless breast meat prices reached $1.74/pound last week, up from $1.07/pound at the beginning of the year. Interestingly, wing prices are up to $2.30/pound, after starting the year at $1.64/pound. The seasonal demand for wings spans from New Years through February’s Super Bowl, and into the “March Madness” of the NCAA college basketball tournament but has k...
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...
