Market update
· A lot of bullish sediment this week from the poultry industry, but it’s not showing up in the breast meat pricing for next week.
· The holidays always brings reduced kills and supply, but it seems like demand is not appearing either. There was discounting all this week on breast meat, and it seems thigh meat has caught the same flu.
· Now it seems fresh thigh meat has slowed some and discounting has also shown up here. I would think we should see some relieve on thigh meat pricing very soon.
· Tenders and wings are still HOT! And cut backs have made product hard to find.
· Hindquarters, drums, and rest of the bone in retail dark meat is in great shape, just the jumbo, food service items are still struggling some.
· Sanderson’s earnings came out this week, and they were bad. They lost 21.6 million in the last quarter, and most likely will lose more this quarter. Hopefully they will figure it out before they run out of money! More cut backs are needed.
