Participants on the animal proteins market called the market steady and quiet for mid-week. The continuous fluctuations on the CME grain items has led to price fatigue for several, leaving the market flat for the near term.
For the week ending August 5th, 2023, broiler slaughter is anticipated to be 168.825 million head, down 1.6 percent from 2022 and 0.6 percent from the previous week (Fig 1). Over the next six weeks, broiler slaughter is projected to average 167.735 million head per week, a drop of 0.7 percent but an increase of 2.9 percent compared to 2021.
Based on the Weekly Livestock, Poultry, and Grain market highlights from the USDA, year-to-date broiler production as of July 31st was at 23.210 billion head, a 1.3-percent growth over 2022 for the comparable time. Year-to-date turkey production was at 2.826 billion head, up 3.7 percent from 2022 for the similar time due to the drop in Avian Flu cases and better hatchery data.
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