USA: Week 2 Broiler Market Review 2022

Average broiler prices in the US market as of January 14, 2022 showed a positive trend. In general, the price tag increased by 0.4% over the week, while the slowdown in broiler price growth led to an increase in broiler sales by 3.8% at once. However, the market could also be supported by rising prices in the markets of other types of MEAT - beef and pork.

Average broiler price in December 2021 was 124.39c/lb (+17.9% MoM, +50.8% YoY), with total sales of around 51,025k pounds (+16.1% MoM) , +15.1% per year).

The retail price of broilers hit another record high of $2.22/lb in December, up 0.2% from the previous month and up 10.4% from the previous year. Boneless chicken breast prices rose 13.1% year-over-year to a record $3.73 per pound, contributing to record retail prices. Bone-in chicken legs also rose 12.1% year-over-year to $1.73 a pound.

Nearly 90% of processing plants owned by five major U.S. meat companies had cases of covid-19 in 2020 and early 2021, a REUTERS analysis of publicly available data showed as a congressional committee investigates how meat processors have handled the pandemic.

Reports of outbreaks in meat plants have slowed since the first year of the pandemic, but infections caused by the Omicron variant are causing staffing problems and reduced processing across all meat sectors, according to meat companies and union representatives.

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BROILER COST, usa (weighted average price)

Period

Price, US cents/pound

Change, US cents/pound

Sales volume, thousand pounds

Week 2

134.21

+0.58

10528

Week 1

133.63

10139

Week 2 in 2021

82.31

+51.90

10081

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

125.00-163.00

135.37

+0.92

4336

central region

122.00-145.00

130.53

-0.41

3389

Western region

125.00-162.00

136.86

+1.01

2803