WASHINGTON — USDA’s broiler production forecast for next year is now 36.055 billion pounds, 30 million pounds more than USDA’s October estimate and 1.2 percent less than the revised production level of 36.494 billion pounds for 2012, according to the “World Agricultural Supply and Demand Estimates” report from the department’s World Agricultural Outlook Board.
When USDA made its first forecast for 2013 broiler production in May this year, the board put output at 37.099 billion pounds, 2.5 percent ahead of the estimated production for 2012 at that time. The current broiler production estimates for 2012 is 0.8 percent below the 36.803 billion pounds in 2011.
USDA’s forecast for broiler exports for 2012 and 2013 were raised in the latest report with 7.195 billion pounds and 7.050 billion pounds for this year and next year, respectively. The increases over last month’s forecasts are 117 million pounds for 2012 and 100 million pounds for 2013.
Analysts forecast the expected 12-city wholesale average price for whole broilers for 2013 to be 85-92 cents per pound compared with 85-91 cents per pound last month. For 2012, USDA sees 85.2 cents per pound compared with 79.0 cents per pound in 2011. The latest forecast for the 2012 price is up 1 cent per pound from last month’s report.