Market update
· The breast meat market has improved somewhat. The formal market has held steady this week and trade levels have improved a lot.
· Townsend is closing their two plants next week permanently with no buyers surfacing. That should help some.
· Guessing about 20-30 loads of fresh breast meat will be coming off the market next week- still not enough to help prices, but enough to stabilize at current levels.
· Wings are still short of supply and prices still going up, while dark meat has stalled some.
· Thigh meat should start to relax availability and pricing, maybe by second week of October the market could start coming off.
· Availability seems to be more predominant on both fresh and frozen, meaning prices should start slipping soon.
· Cut backs slowly continue to materialize as more rumors surface on who’s going out of business next? O.K. poultry’s name comes up a lot, wouldn’t be surprised if they are next with more to come by the end of the year. OUCH!
