Wednesday, November 30, 2011

Poultry Market Update for the week of 12/5

· The poultry market is still making headway with its supply issues. Cut backs have kept supplies in check and demand for first of the month is starting to emerge.

· Wings and tenders are still the hottest items. Wings are nonexistent and formal market goes up every day. Tenders are still tight.

· Breast meat has a better tone and all dark meat is steady with thigh meat in the best shape.

· Reports are calling 2012 a year of higher poultry cost. This could be possible if the industry keeps supplies in checks with reduced production for as much as 4-5% tonnage compared with 2011. This industry usually lacks any kind of discipline.