USA: Week 10 Broiler Market Review 2022

Average broiler prices in the US market are showing an upward trend. The price tag rose 3.6% in a week, while sales volumes fell by 1.4% in a week.

The average cost of broilers in February 2022 was 125.79 cents/lb (-4.3% m/m, +51.6% y/y), with total sales of about 40,213 thousand pounds (-1.3% m/m) ,+3.7% per year).

Latest USDA forecastfor broiler meat production has been revised down by 257 million pounds, but production will still rise this year, albeit only 0.7% higher than the previous year. This reflects still very slow supply growth as processors grapple with high feed costs and, more importantly, a shortage of workers at factories due to the pandemic. USDA forecasts do not take into account the impact of highly pathogenic avian influenza on the industry. Businesses in three states have now reported an outbreak of the virus, with a total of 741,000 birds affected. The outbreak did not have a significant impact on the broiler population, given that the weekly slaughter is about 166 million. But there is still some risk of supply cuts given that

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BROILER COST, USA (weighted average price)

Period

Price, US cents/pound

Change, US cents/pound

Sales volume, thousand pounds

Week 10

140.58

4.92

10089

Week 9

135.67

10237

Week 10 in 2021

83.99

56.59

9977

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

120.00-174.00

141.14

+7.87

4665

central region

125.00-155.00

135.90

-1.51

2707

Western region

132.00-179.00

144.30

+6.44

2717