Broiler sets, placements extend downward trend

Broiler sets, placements extend downward trend

Broiler sets and placements continue to point to tighter supplies of chicken later this year.

The USDA says set of broiler type eggs into incubators last week were 224.458 million eggs, down on the week and 3% lower than a year ago. Hatchability did decline slightly, while still holding above 80%.

Placements of broiler type chicks into meat production were 176.764 million head, slightly less than last week and 5% below a year ago.