Chicken Market Update- Week of 5/28

· We are continuing the poultry roller coaster…………I think I just lost my cookies!

· Getting right to the point…..it sucks! Mainly white meat is in bad shape for this week ship, bnls breast and tenders are leading the charge.

· Tenders are just feeling the heat, but breast meat is just downright nasty. Lack of business and further processing needs are just not there.

· The Memorial Day holiday has messed up further processing because of the long weekend, and lack of any retail volume means a very sick market.

· Most charts from last few years shows the same trend, I guess we just forget year to year, that we see a pull back. This pull back was hard and fast. It should correct some next week, but the formal market on breast meat should go down a few more times this week.

· Wings are still in great shape, an unusual time of the year, but wings too should slow down soon.

· Dark meat is in decent shape, except leg meat. Leg meat is struggling and should… sooner or later effect thigh meat, but we haven’t seen it yet.

· Fresh thigh meat sales are still good.

· On breast meat market : I think this will be the case..EXCEPT we will not see the August and September run up like in 2010, that was an bird weight problem with Tyson,

· I think we should flat line around $1.60 market after a Memorial Day sell off near the $1.50 range, but this is all speculation of course.

Chicken Market Update- Year in Review

This is the last week of a miserable year for the poultry industry. They will want to put this year behind them, and hope a for good 2012. GREED, GREED, GREED was the tone for 2011. The poultry industry assumed that their less expensive protein would garner all the demand from other proteins higher prices. They were greedy and wrong. So wrong that several of them bit the dust in 2011. Now that long overdue cut backs are in season, there is optimism again for 2012, but the GREED hasn’t left. The challenges lay ahead for the U.S. Poultry industry as demand has actually been shrinking for last 3 years and the industry has ramped up production. They are in the cross roads of the U.S. poultry industry with a fairly pathetic history of good judgment.

At least for the next two weeks, there will be supply constraints with shorter holiday weeks and demand for first of the month needs. tenders and wings are non-existent with prices moving up daily, not sure where resistant levels will be.

· Dark meat will be steady to stable and breast meat has some strength this week.

· Bone in breast is also seeing up money.

· There is a lot of optimism for 2012 and that is scary in itself.

Chicken Market Update- Week of 12/19

Market Update

· The market seems in a little better shape on white meat. Demand is a little better, and supplies are more limited this week.

· The next few weeks with holidays, we may see reduced kills, but should also see less demand.

· Wings and tenders are still hot items.

· Breast meat a little better.

· Most dark meat is steady, with hindquarters in highest demand. Wings could continue to be short for the next few months.

· It will be interesting to see how the producers manage supply with the holidays, if managed properly the breast market, both bnls and bone in could advance.

Poultry Market Update for the week of 11/14

· We are starting to see some light at the end of the tunnel in the poultry industry. Cut backs are finally making their way through the industry and fewer excesses are showing up.

· Breast meat and especially tenders are doing better, even B/I breast seems in better shape.

· Wings are still hot, and will continue a slow upward trend from here.

· Most bone in dark meat is steady, and even thigh and leg meat have leveled out.

· There seems to be a better call for fresh thigh meat, and export orders for bnls dark meat is back at good levels.

· This overall market could gather bullish sentiment as business demand picks up and cut backs are still making their way into December.

Poultry Market Update for the week of 10/31

Market Update

· Weak…most chicken meat and parts are weak, except not wings and tenders. Demand is very, very sluggish.

· Breast meat and thigh meat are both showing signs of weakness.

· Some of the bone in items associated with the bnls parts are at least steady, but jumbo boneless white and dark meat are not in good shape.

· Wings are the star, but they are even starting to see resistance.

· Cut backs are still desperately needed, but with weak demand, not sure how much they will help in the near term.

· Another chicken producers bites the dust; a smaller company called Cagle’s filed chapter 11 last Thursday. They will try to cut debt and stay in business, but the outlook for poultry is still dim for the next 6-9 months. This industry is in turmoil.