At the risk of sounding like a broken record, the U.S. poultry industry continued a lengthy streak of optimism with the Poultry Confidence Index (PCI) tracking scores remaining well above their normative baseline for three consecutive years.
Sustained optimism was diminished slightly by concerns for reduced profits. However, several experts have suggested that the economy can absorb near-term supply/demand projections and should have little-to-no impact on short-term profits while expansions projected a positive radiance across the industry.
All of the Poultry Confidence Index (PCI) indicators in the first quarter of 2017 exceeded the 100-point baseline for the first time in two years, which proves a truism about forecasting – it’s always wrong.
Although U.S. poultry industry optimism about current conditions remained high during the third quarter of 2016, expectations for future conditions and profits took a tumble, according to the WATT-Rennier Poultry Confidence Index (PCI).
The year 2015 will be remembered as a remarkable one in the U.S. poultry industry. With the exception of avian influenza – which produced substantial localized losses for those in the egg industry – most market factors were favorable for broiler and turkey producers.