USA: Week 16 Broiler Market Review 2023
Photo is illustrative in nature. From open sources.
Average prices for chicken cuttings showed a negative trend for almost all types of products, except for MMO minced MEAT and fillets.
According to a recent USDA forecast report , in 2023, global production will increase by 1% to 103.4 million tons, mainly due to growth in Brazil and the United States, as well as in Thailand, Mexico and Turkey .
While feed prices remain high, the expected decline in corn and soybean prices in 2023 will support production in most countries. Production in Brazil is forecast to rise 3% to a record 14.9 million tonnes, driven by strong external demand coupled with lower production costs.
Production growth in Thailand and Mexico is supported by strong domestic demand, while Turkey continues to benefit from strong regional demand. Production in CHINA is forecast flat at 14.3 million tonnes as growth in white-feather broiler production offsets a comparable decline in yellow-feather broiler production.
Price dynamics and sales volumes of broilers
Average weighted price for broilers by region
Region
Weighted average price, cents/pound
Sales volume (thousand pounds)
Week 15
Week 16
Growth per week,%
Week 15
Week 16
Growth per week,%
Oriental
139.38
140.20
0.6%
4 210
4664
10.8%
Central
134.89
137.61
2.0%
2748
3 242
18.0%
West
144.60
146.16
1.1%
3025
3060
1.2%
Dynamics of prices for chicken cutting
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