USA: Week 44 Broiler Market Review 2021

Average broiler prices in the US market as of November 5, 2021 showed a positive trend. The average cost of broilers in October 2021 was 102.95 cents/lb (-2.6% m/m, +52.1% y/y), with total sales of around 41,730 thousand pounds (+0.9% m/m) , +18.9% for the year).  

Poultry MEAT production in 2021 is projected to show a fairly modest increase over the past 20 years. Covid-19-related problems with production and processing, logistics, which began in March 2020, led to a sharp increase in feed costs in the second half of 2020 and early this year, which affected the profitability of the industry.

The production of young chickens (broilers) in the first 9 months of 2021 increased by half a percentage point compared to a year earlier. Average poultry weight at processing is estimated to be about one percent heavier than a year ago as processors focus on producing larger birds. But that doesn't make up for a roughly 2% decline in poultry slaughter this quarter.

Turkey production in the first 9 months of the year was 2.4% lower than a year earlier. Per capita turkey consumption has been falling annually since 2016 as demand for whole poultry declined over the holidays and competition from chicken and pork reduced demand for turkey in the deli meats category. A recovery in demand for turkey has been noted this year as high beef and pork prices have turned consumer interest in ground turkey along with a recovery in the economy and the foodservice sector.

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BROILER COST, usa (weighted average price)

 

Period

Price, US cents/pound

Change, US cents/pound

Sales volume, thousand pounds

Week 44

102.02

+1.04

10662

Week 43

100.98

 

10508

Week 44 in 2020

70.01

+32.01

9601

 

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

77.00 -136.00

102.01

+0.57

4659

 

central region

82.00-112.00

99.57

+1.85

3319

 

Western region

87.00-125.00

98.14

+0.26

2032

   

 

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