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Evidence mounts for a rise in chicken production
Story Date: 7/19/2013
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Source: MEATINGPLACE, 7/18/13
The chicken industry is back in expansion mode, according to an analysis in the Daily Livestock Report.
“It appears that the broiler industry has now clearly made the shift from potential expansion to actual output growth,” according to the DLR, which is published by Steve Meyer of Paragon Economics and Len Steiner, with the Steiner Consulting Group.
Weekly egg sets have been running slightly higher year-over-year since January, but the increases jumped in June, the DLR noted. Egg placements jumped 2.9 percent to 1.01 billion for the five weeks ended July 6, and now the first of those chicks have already hatched, the DLR said. “The first of those birds will reach market weight in another four weeks so higher chicken production is on the way,” the analysts wrote.
Weekly increases in egg sets since mid-May are counter-seasonal and should lead to a counter-seasonal increase in chicken output in late July and August, Meyer and Steiner said.
Broiler hatchery
Wednesday's broiler hatch data continued the trend. Commercial hatcheries in the 19 state weekly program set 202 million eggs in incubators during the week ending July 13, up 3 percent from the eggs set the corresponding week a year earlier.
Average hatchability for chicks hatched during the week was 84 percent.
Broiler growers in the 19 state weekly program placed 167 million chicks for meat production during the week ending July 13. Placements were up 2 percent from the comparable week a year earlier.
Cumulative placements from December 30, 2012 through July 13 for the states in the program were 4.62 billion, up slightly from the same period a year earlier.
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