Preliminary December broiler production was 3.8 billion pounds, which would bring 2022 annual production to 46.2 billion pounds. That is 103 percent of 2021.
The increase was driven by larger slaughter in the second half of 2022 and heavier bird weights in Q1 and, especially, in Q4.
Some of that momentum going into 2023 will be lost as hatchery data shows a drop back to nearer 2021 levels.
While still ahead of last year, it’s a dramatic drop from the trend beginning in June, but June is when wholesale chicken prices started to drop. Likewise, June was when chicken in cold storage moved toward month-over-month increases through the end of the year. As of December, total stocks in cold storage were 931.8 million pou...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
