Release Number: CB18-SFS.33
According to the United States Department of Agriculture, Economic Research Service:
“The U.S. poultry industry is the world’s largest producer and second largest exporter of poultry meat and a major egg producer. U.S. consumption of poultry meat (broilers, other chicken, and turkey) is considerably higher than beef or pork, but less than total red meat consumption. With almost 18 percent of total poultry production exported, the U.S. poultry industry is heavily influenced by currency fluctuations, trade negotiations, and economic growth in importing markets. The poultry and egg industry is a major user of feed grains.”
According to the United States Department of Agriculture, Foreign Agricultural Service, October 12, 2017, report “Livestock and Poultry: World Markets and Trade,” this is the overview for broiler meat (page 19):
“Global production is forecast to grow 1 percent in 2018 to 91.3 million tons, primarily from gains in the United States, Brazil, India, and the European Union. U.S. and Brazilian expansion is driven by higher exports while the European Union and India are due to slow but steady growth in domestic demand. China’s production is forecast down 5 percent in 2018 for a third year in a row. China continues to be constrained by highly pathogenic avian influenza (HPAI), the limited availability of genetics, a saturated market, weak prices, and soft demand.”
“U.S. production and exports: Production is expected to rise 2 percent to a record 19.0 million tons in 2018. Exports will rise 3 percent to nearly 3.2 million tons. The United States is now HPAI free, as of August 2017, higher production will be supported by growing domestic consumption, rising export demand from Mexico, and improved shipments to other primary markets.”