USA: Broiler market review for week 9 from March 4, 2024

Average prices for chicken cutting showed a positive adjustment against the backdrop of rising prices for all items except drumsticks and MMO minced meat.

The USDA forecasts that U.S. broiler meat production will hit 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. Broiler wholesale price: $1.27 per pound, up 2.4% from last year and a record.

Senegal has lifted its poultry export ban , opening its market to U.S. processed poultry exports in response to commitments from the U.S. Department of Agriculture and the U.S. Poultry and Egg Export Council (USAPEEC), according to a recent market report from the USDA Foreign Agricultural Service. USAPEEC estimates that U.S. poultry exports to Senegal could reach $21 million, and the broader French-speaking West Africa region has significant potential for U.S. agricultural exports.

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 8

Week 9

Weekly growth,%

Week 8

Week 9

Weekly growth,%

Oriental

126.00

125.68

-0.3%

4676

4767

1.9%

Central

116.27

116.20

-0.1%

3481

3439

-1.2%

West

138.18

137.62

-0.4%

3,010

3,095

2.8%

Dynamics of prices for chicken cutting

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