US poultry industry to remain strong in 2018-2019
The next 12 months may set in advance for the US poultry industry that can offset declines in beef and pork, reports US Department of Agriculture.
Second-quarter broiler production is raised on June production data, while third-quarter production is raised on hatchery data and expected growth in bird weights. Low feed prices can increase production in 2019, says the report.
Nevertheless, chicken and turkey exports are going to slow down due to a low demand in foreign markets. At the same time, a decrease in turkey production in June slightly reduce the forecast in this segment.
Also, egg production in the country is increased based on the second quarter production data. Egg prices are to rise in the next months due to a recent price strength but no changes occur in the 2019 egg price forecasts.
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