Poultry Industry Statistics and Reports

Updated USDA-ERS Poultry Meat Projection for 2018 and 2019.

08/17/2018

The USDA-Economic Research Service released production and consumption data for broilers and turkeys for 2017 (actual), 2018 (projected) and 2019 (forecast) respectively on August 16th 2018.

Broiler meat production in 2019 will increase by 1.9 percent compared to 2018 to 19.736 million metric tons (43,420 million lbs.) RTC. Per capita consumption will increase by 1.2 percent to 42.6 kg. (93.7 lbs.) Exports will represent 16.2 percent of RTC production attaining 3.202 million metric tons (7,045 million lbs.)

Turkey production will increase by 0.5 percent in 2019 to 2.714 m metric tons (5,970 million lbs.) RTC. Per capita consumption will decline in 2019 to 7.3 kg. (16.2 lb.) Export volume will increase by 1.7 percent to 0.291 m metric tons (640,000 lbs). Forecast values for production and consumption of turkey in 2019 are considered to be optimistic given 2018 prices, production and inventory. The projection takes into account either renegotiation of NAFTA or a bilateral agreement with Mexico averting imposition of tariffs. Threatened tariffs would lead to a diminished share of the market in Mexico based on competition from Chile and other nations in Latin America.


 

U.S. Broiler and Turkey Exports for January-June 2018.

08/11/2018

Data for January-June 2018 indicate a moderate increase in export of broiler parts in comparison to the corresponding six months of 2017. Total broiler exports for January-June 2018 attained 1,546,501 metric tons, 2.0 percent more than the corresponding period in 2017 (1,516,322 metric tons) but total value improved by 7.8 percent to $1,602 million ($1,486 million).

During January-June 2018 the National Chicken Council (NCC), citing USDA-FAS data, documented exports of 1,660,735 metric tons of chicken parts and other forms (whole and prepared) valued at $1,803 million with a weighted average unit value of $1,086 per metric ton, 5.9 percent higher in value compared to the first half of 2017 ($1,025 per m. ton).

The NCC breakdown of chicken exports by proportion and unit price for each broiler category for January-June 2018 compared with the equivalent months in 2017 (with the unit price in parentheses) comprised:-

  • Chicken parts 95.8%; Unit value $1,014 per metric ton ($949)

  • Prepared chicken 2.8%; Unit value $3,539 per metric ton ($3,535)

  • Whole chicken 1.4%; Unit value $1,065 per metric ton ($999)

The following table prepared from USDA data circulated by the USAPEEC, compares values for poultry meat exports in January-June 2018 with corresponding figures for 2017:-


 

USDA-WASDE FORECAST #580 August 10th 2018

08/10/2018

OVERVIEW

The August 10th 2018 USDA WASDE projections for the 2018 corn and soybean harvests are based on actual planting data, crop progress, long-range weather forecasts and historical records. Harvest areas for corn and soybeans were retained from the July projection at 81.8 million acres (83.1 million in 2017) and 88.9 million acres, (89.5 million acres in 2017) respectively. The USDA raised corn yield to 178.4 bushels per acre (175.4 bushels in 2017). Soybean yield was raised to 51.6 bushels per acre (49.5 bushels in 2017). The USDA August projection of ending stock for corn was raised 8.5 percent to 1,684 million bushels and ending stock for soybeans was raised 35.3 percent to 785 million bushels compared to the July 2018 WASDE Report.

The USDA projections of ending stocks and prices takes into account current uncertainties including announced tariffs on U.S. products but does not reflect predicted or threatened tariffs.


 

 
Copyright 2018 Simon M. Shane