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Exhibit 21: Weekly National Composite Broiler Prices and Quarterly Price Forecasts
Weekly national composite broiler prices and quarterly price forecasts Cents per pound
2023 Quarterly Forecast
2023
2020-2022 Average
Source: USDA, Agricultural Marketing Service and USDA, World Agricultural Supply and Demand Estimates
Source: Livestock, Dairy, and Poultry Outlook, March 2023, https://www.ers.usda.gov/webdocs/outlooks/106119/ldp-m-345.pdf?v=1399.3
2023 Table-egg Production Revised Down
As in all agricultural industries, there are many variables affecting the poultry industry, yet the region’s poultry industry is well-positioned for another strong year across its many sectors.
The Chickens and Eggs Annual Summary report released by USDA, NASS in February brought several upward revisions to the total egg production and the chicken inventory for December 2020–November 2022. According to these changes, 2022 total table egg production was estimated at 7,781.0 million dozen eggs 3.1-percent year-over-year lower, and hatching egg production was estimated at 1,293.8 million dozen eggs—2.0-percent year-over-year higher Following the loss of more than 43 million layers to HPAI during 2022, the monthly average size of the table-egg laying flock was 310.9 million about 4.5-percent year-over-year lower.
Year-over-year percent change in monthly table egg production, average table egg layer inventory, and average lay rate 2022–January 2023 egg production
Source: USDA, Economic ResourceService using data from USDA, National Agricultural Statistics Service.
January table-egg production was estimated at 646.9 million dozen eggs, a 7.3-percent yearover-year decrease. The year-over-year change was due to a 6.1-percent decrease in the average size of the laying flock and a 1 26-percent decrease in the layer flock productivity as
Livestock, Dairy, and Poultry Outlook: March 2023, LDP-M-345, March 14, 2023. USDA, Economic Research Service