US: Broiler Market Review Week 7, February 19, 2024

Average prices for chicken cuttings showed a positive adjustment against the backdrop of rising prices for all items except minced MMO.

USDA forecasts U.S. broiler meat production to be a record 46.8 billion pounds, up just under 1% from last year. Broiler meat exports are forecast at 7.22 billion pounds, down slightly from 2023. Wholesale broiler price: $1.27 per pound, up 2.4% from last year and a record.

Dynamics of prices and sales volumes of broilers

Average weighted price of broilers by region

Region

Average weighted price, cents/lb

Sales volume (thousand pounds)

Week 6

Week 7

Growth per week,%

Week 6

Week 7

Growth per week,%

Oriental

125.95

125.39

-0.4%

4 810

4775

-0.7%

Central

115.26

116.22

0.8%

3 313

3475

4.9%

West

138.19

138.21

0.0%

3 215

3 125

-2.8%

Dynamics of prices for chicken cuttings

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