John Barone

Broiler production to increase on lower feed costs

John Barone offers insights into the current commodities market and where chicken prices are heading.

In March’s monthly “World Agricultural Supply and Demand Estimates,” or WASDE, report the Agriculture Department increased its estimate for 2013 broiler production from 37.3 billion pounds to 37.93 billion pounds, now 2.4 percent above 2012 levels. Moderating feed costs have improved profit margins. Most producers have added to, or at least maintained, their breeder flocks and are well-positioned to expand if they can do so profitably. Year-to-date through March 8, chicke

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