Market Outlook

See the latest Livestock, Dairy, and Poultry Outlook report.

Report Summary

Poultry/Eggs: Total projected broiler production in 2024 is lowered due to lower-than-expected actual first-quarter production. Projected production in the outlying quarters is unchanged from last month. Broiler production in 2025 is expected to increase 1.6 percent year over year. Broiler exports for 2024 are projected to fall 5.2 percent from 2023, based on lower international demand and noncompetitive prices. For 2025, broiler exports are expected to recover partially, increasing 2 percent from the 2024 projection. Projected wholesale broiler prices for 2024 are adjusted down on recent data. The annual average broiler price for 2025 is projected 1 cent lower than for 2024. The annual table egg production projection for 2024 is raised slightly on first-quarter data; the outlying quarterly projections are unchanged from last month. For 2025, table egg production is projected to increase 2.9 percent. Projected 2024 egg prices are adjusted down on recent price data. For 2025, average egg prices are projected to fall 42 cents from the 2024 annual average. Egg and egg-product exports are adjusted up in 2024 on recent data. They are projected to increase in 2025 but still account for only 2.8 percent of production. Projected turkey production in 2024 was lowered, reflecting lower placements as well as minor losses due to Highly Pathogenic Avian Influenza (HPAI). Turkey production in 2025 is expected to increase only slightly from 2024. Projected 2024 turkey exports are adjusted down on recent data; projected 2025 turkey exports are only 5 million pounds over that of 2024. The average turkey price projection for 2024 is adjusted down 9 cents on recent data. For 2025, the projected average turkey price is 10 cents over the 2024 projection.