USA: Week 32 Broiler Market Review 2022

Average broiler prices in the US market continue to trend down. For the week, the price tag lost 4.5%, sales for the week fell by 0.7%.

Broiler prices range from stable to low for all bird sizes. Offers of all sizes are moderate to oversized for current trading needs. Market activity is low.

Prices for certain types of chicken cuts range from stable to low.

Tyson Foods says the increased demand for chicken is a sign that shoppers are becoming more cost-conscious as food prices rise. Instead of buying more expensive steaks and loin, consumers are spending more on less expensive chicken and other meats, the company said. Consumers are becoming more frugal as the prices of essentials such as food and gasoline have risen in recent months.

Meanwhile, chicken prices are expected to rise as the newly formed company is poised to control 15% of the market, boosting the market share of the industry's top four competitors by more than 60%. The company emerged from a $4.5 billion joint acquisition of public shares in Sanderson Farms by grain trader Cargill and owner Wayne Farms Continental Grain.

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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 31

Week 32

Growth per week,%

Week 31

Week 32

Growth per week,%

Oriental

138.57

135.54

-2.2%

4 376

3 964

-9.4%

Central

132.99

123.07

-7.5%

3035

3 287

8.3%

West

143.85

137.90

-4.1%

2940

3028

3.0%