USA: Broiler market overview for week 33 of 2023

Average prices for chicken cutting showed positive dynamics, with a noticeable increase in prices for all items. 

The 2023 U.S. poultry production forecast was lowered from last month due to lower broiler production forecasts. Broiler production is declining due to lower expected egg production and continued relatively low hatchability. Egg production is lower as hatchery data showed lower flock productivity than previously expected and slower laying hen additions. For 2024, the poultry production forecast has been raised by higher turkey production, which will more than offset the decline in broiler production.

Dynamics of prices and sales volumes of broilers

Weighted average price for broilers by region

Region

Weighted average price, cents/pound

Sales (thousand pounds)

Week 32

Week 33

Weekly growth,%

Week 32

Week 33

Weekly growth,%

Oriental

106.49

110.15

3.4%

4,585

4,629

1.0%

Central

98.41

102.65

4.3%

3 609

3,072

-14.9%

West

116.72

119.81

2.6%

3,065

3 410

11.3%

Dynamics of prices for chicken cutting

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