USA: Week 8 Broiler Market Review 2022

Average prices for chicken cutting showed a positive trend, which was based on the increase in prices for wings, legs and drumsticks.

Table egg production forecast for the first quarter has been revised down based on lower-than-expected laying numbers. Consequently, the forecast for wholesale prices for eggs in the first quarter has been revised upwards. Already, the price of an egg in the US exceeds that of ground beef.

BLOOMBERG notes a global avian flu outbreak that has wiped out about 100 million birds and high production costs pushed the price of 12 eggs to a record $4.82 in January from less than $2 a year earlier. Meanwhile, the price of one pound of ground beef has fallen to $4.64 from a peak of $5.12 last August.

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 7

Week 8

Growth per week,%

Week 7

Week 8

Growth per week,%

Oriental

127.96

128.43

0.4%

4482

4497

0.3%

Central

106.87

106.44

-0.4%

2698

2813

4.3%

West

126.83

127.53

0.6%

2775

2900

4.5%

Weekly reviews are available free of charge as part of a subscription to the monthly analytics of the Russian MEAT markets.

Poultry market overview, broiler prices, broiler production, poultry demand, poultry sales, foreign news