USDA raises forecast for turkey, egg exports

The U.S. Department of Agriculture has raised its forecast for turkey exports for the remainder of 2017 and for 2018.

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PaulCowan, Bigstock
PaulCowan, Bigstock

The U.S. Department of Agriculture has raised its forecast for turkey exports for the remainder of 2017 and for 2018.

Meanwhile, the agency has also raised its forecast for egg exports for the rest of 2017, while its forecast for egg exports in 2018 was unchanged.

Turkey exports

The latest turkey export forecast was featured in the agency’s World Agricultural Supply and Demand Estimates (WASDE) report, which was released on December 12.

In the November WASDE report, U.S. turkey exports were projected to be at 618 million pounds for 2017 and 650 million pounds for 2017. However, the latest WASDE report calls for 623 million pounds of turkey to be exported in 2017 and 655 million pounds to be exported in 2018.

The agency stated in the report that the increased projections were based on strong global demand which is expected to carry into the first quarter of 2018.

Egg exports

The USDA has also raised its forecast for U.S. egg exports from the figures stated in its November WASDE report.

The December report calls for 323 million dozen eggs to be exported in 2017, up from the 313 million dozen projected one month ago. That increase is supported by expectations of solid demand and recent trade data, according to the report.

USDA is projecting that 320 million dozen eggs will be exported in 2018, the same amount stated in its November report.

Broiler and pork exports

The USDA forecasts for broiler exports and pork exports were not changed from those of the previous month.

The forecast for U.S. broiler exports in 2017 is 6.7 billion pounds, while the forecast for 2018 broiler exports is 6.9 billion pounds.

The forecast for U.S. pork exports in 2017 is about 5.6 billion pounds, while the forecast for 2018 is around 5.9 billion pounds.

The next WASDE report will be released on January 12, 2018.

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