Trade values for Wednesday were steady for most items. Limited trade was reported due to the continued ebb and flow of the CBOT grain markets, especially soybean meal. Usage levels for animal feed have been indicated as lower than previous sessions due to summer heat.

The only movement on Wednesday was porcine meat and bonemeal FOB Mo. River and Eastern IA/IL, which was lower on the top end due to buyer pushback. A low of $445/st was reported in both Mo. River and Eastern IA/IL. Porcine meat and bonemeal for Indiana and Carolinas was steady for the day.

For the week ending July 29th, 2023, broiler slaughter is forecast at 168.541 million head, 0.4 percent above 2022 and 0.6 percent higher than the previous week (Fig 1). Over the next six weeks, broiler slaughter is projected to average 170.691 million head per week, a drop of 0.5 percent but an increase of 2.9 percent compared to 2021.

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