The USDA is projecting larger pork, broiler, and turkey production in 2023 than in 2022.
Pork is estimated at 27.48 billion pounds, up 135 million from January and potentially 484 million more than 2022 on pig crop and farrowing intention numbers, with an average barrow and gilt price of $68 per hundredweight, $1 more than a month ago, but $3.21 less than the 2022 guess, with month-to-month cuts for 2022 and 2023 imports and consumption, while 2023 exports are expected to be a little bit above 2022.