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Poultry Report
Poultry- US chicken exports during May were 7.4% less than last year due in part to significantly reduced trade with major US chicken importers Russia and China/Hong Kong. The recent announcement by the Obama Administration that a chicken trade agreement has been reached with Russia may signal that chicken exports will ramp up to Russia soon. If that does happen it will likely be bullish for chicken leg quarter prices. The chicken breast markets remain firm. However, chicken breast demand usually fades as July progresses which puts downward pressure on the breast markets. Last year, the boneless skinless chicken breast market declined 9.5% during the next four weeks. The wing markets have firmed.
Market Trend Supplies Price vs. Last Year
Whole Chicken (2.5-3 lb-GA) Increasing Good Lower
Whole Chicken (LA) Increasing Good Lower
Chicken Wings, Whole Increasing Good Lower
Chicken Wings, Jumbo Cut Increasing Good Lower
Chicken Breast, Bone-In Steady Good Higher
Chicken Breast, Bnless Sknless Steady Good Higher
Chicken Tender (random) Increasing Good Higher
Chicken Tender (sized) Increasing Good Higher
Chicken Legs (whole) Decreasing Good Lower
Chicken Leg Quarters Decreasing Good Lower
Chicken Thighs, bone in Increasing Good Lower
Chicken Thighs, boneless Decreasing Good Lower
Large Eggs Steady Good Higher
Medium Eggs Steady Good Higher
Whole Eggs- Liq Steady Good Higher
Egg Whites- Liq Decreasing Good Higher
Egg Yolks- Liq Steady Good Higher
Whole Turkey (8-16 lb) Steady Good Higher
Turkey Breast- Bnls/Sknls Decreasing Good Higher |
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