Wednesday, September 14, 2011

Poultry Market Update for the week of 9/19

· Can you say S-T-I-N-K-Y ? I can, and I think this industry is now deserving for what is about to happen. After months (almost a year now) of over-production, and billions of dollars of loses? THEY CONTINUE TO OVER PRODUCE! Come on!? Enough is enough! I think the only solution, and it will probably happen by the end of this year, is much less producers. We are hearing some smaller, weaker players are on the verge of bankruptcy. This will be the only thing that may save this industry.

· Wings are HOT…the only thing that is, thigh meat and leg meat are steady, but probably not for long?

· Breast meat is in the pooper. It’s that simple. Let’s see how bad it will really gets and for how long.

· Townsend Poultry, the two plants that were bought out of Bankruptcy earlier this year from the Ukrainian company is closing its doors next week. The Ukrainian company looked at our way of business and said “we are out of here, the American’s way of business is crazy” That it is!