Thursday, April 19, 2012

Chicken Market Update- Week of 4/23

Market Update

· Retail has picked up and the items chosen for ads are in dark meat; drums, thighs, and hindquarters.

· Drums are in short supply, while thighs are also hard to find.

· While white meat (mainly breast meat) is still abundant, although prices are stable, tenders are still short.

· B/I breasts have tighten up.

· Wings are still a wild card. The pipelines are still unfilled, so the supply and demand are in line.

· Thigh meat demand has also risen for fresh, so frozen inventories are in short supply.

· Overall the tone is bullish.