Market update
· It will be the week of the two’s next week, and business seems to correspond with that time of the month.
· Breast meat is a little sluggish this week in anticipation of slower business sales next week. Trade levels are a little lower on breast meat.
· This market could be stuck in a rut for a month or two before we see clear direction and hopefully a pickup in demand, because the supply chain seems in better shape.
· Thigh meat now seems to be on the downward trend. More inventory is showing up in freezers as fresh sales slow. This could happen for a few more weeks, and then fresh sales should pick up again in late November and December as foot traffic in malls increases for the shopping season.
· The formal thigh meat market is off a little this week, but over next 2-3 weeks should come off another 12-17 cents.
· Tenders and wings are in decent shape, and most bone in dark meat is also holding steady.
· Producers will probably have to make additional cut backs into the winter to insure some kind of profitability next year, but let’s see if they are smart enough!
