According to Mark Jekanowski, USDA outlook board chairman, the total meat and poultry production in the U.S. for 2020 is expected to be 106.6 billion pounds.
“Next year, we see that going up by a little less than a billion pounds to 107.47 billion pounds,” he said. 2020 broiler production is expected to be 3% higher than in 2019, at 44.7 billion pounds. Production is likely to continue to grow in 2021, but at a slower rate – closer to 1% – partly due to higher feed prices.
This year’s average broiler price is 19% below 2019, with a rebound predicted for 2021. Turkey production this year expected to drop by about 1%, with a small increase in output expected next year, but not enough to return to 2019 levels.
“For 2020, we have it currently pegged at 27.22 billion pounds, and we anticipate, for next year, that to grow to 27.37 billion pounds,” an increase of about 0.5%, he said.