USA: Broiler Market Review Week 29, 2021

Average broiler prices in the US market as of July 23, 2021 showed an upward trend. The average cost of broilers in June 2021 was 106.39 cents/lb (+0.9% mom), with total sales of around 49,164 thousand pounds (+15.2% mom).

In regional markets, prices for poultry in all categories rose, with the highest increase in prices for birds weighing 3.51 pounds or more (+3.22 cents).   

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Total red MEAT stocks in June were down 4.3% month-on-month and 7.5% year-over-year to 868.8 million , according to a report released by the USDA's National Agricultural Statistics Service (NASS) . pounds.

Total stocks of broilers in cold stores in June were 738.4 million pounds, down 14.8% from last year. The amount of thigh meat (-54.1%), thigh quarter (-16.1%), wings (-17.5%), legs (-14.6%) and breast (-9.2%) is decreasing. But there was an increase in stocks of shins (18.5%) and paws (30.0%). The total number of turkeys in cold stores decreased by 14.5% from last year to 406.0 million pounds. Turkey inventories are down 11% year-over-year from a 2% decline at the end of May, which will help boost turkey prices ahead of Thanksgiving (November 25, 2021).

BROILER COST, usa (weighted average price)

Period

Price, US cents/pound

Change, US cents/pound

Sales volume, thousand pounds

Week 29

105.84

+0.59

10609

Week 28

105.24

10644

Week 29 in 2020

68.10

+37.74

8149

Price dynamics and sales volumes of broilers

Average weighted price for broilers by region

Region

Price range, cents/pound

Weighted average price,

Change, cents

Sold (thousand pounds)

cents/pound

Eastern region

71.00-137.00

106.72

+1.39

4545

central region

80.00-121.00

100.95

-0.04

3211

Western region

98.00-133.00

109.93

+0.08

2853