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April 16, 2013

USDA trims broiler forecast for 2013

USDA’s broiler production forecast for 2013 was trimmed this month and is now expected to be 37.504 billion pounds, 15 million pounds less than the department’s estimate last month, but 2.3 percent more than the 36.643 billion pounds for 2012, according to the "World Agricultural Supply and Demand Estimates" report issued this week from the World Agricultural Outlook Board. USDA’s broiler production estimate for 2012 at 36.643 billion pounds is 0.4 percent below the 36.804 billion pounds in 2011. USDA lowered its broiler production forecast for this year  because first quarter production is now estimated to be lower than previously expected, thus signaling the change for the annual estimate. Read More

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