USA: Week 40 Broiler Market Review 2021

Average broiler prices in the US market as of October 15, 2021 showed multidirectional dynamics. The average cost of broilers in September 2021 was 105.75 cents/lb (+0.9% m/m, +66.3% y/y), with total sales of around 41,356 thousand pounds (-7.1% m/m) , -8.8% per year).  

Prices for poultry of all categories fell, except for the cost of a bird weighing up to 2.51 pounds (+1.96$).

Global chicken MEAT production is expected to grow by 1.8% in 2022 to a record high of 100.9 million tonnes. Brazil and CHINA are forecast to show production growth of 2.6% and 2.1%, respectively, to 14.3 and 14.7 million tonnes in 2022.

At the same time, production growth will be supported by a 2.6% increase in chicken meat exports to 13.3 million tons. Brazil and the European Union forecast chicken meat exports to grow by 3.1% and 2.8%, respectively, due to a stronger global demand.

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BROILER COST, usa (weighted average price)

Period

Price, US cents/pound

Change, US cents/pound

Sales volume, thousand pounds

Week 41

103.88

-0.83

10816

Week 40

104.70

9575

Week 41 in 2020

67.87

+36.01

8442

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

75.00-136.00

104.98

+0.56

4461

central region

80.00-115.00

99.28

-3.03

3442

Western region

87.00-132.00

107.62

+0.01

2913