Poultry Report

February 4, 2010

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The January broiler-feed price ratio was the highest for any month in over two years suggesting improved profitability for chicken producers. This is being reflected in chicken production that has mostly tracked modestly above year ago levels in recent weeks. Still, the Russian ban on US chicken continues which is causing chicken leg quarter supplies to build. Additionally, the chicken wing markets are weakening and chicken breast prices are struggling to move seasonally upward. Thus, we anticipate chicken producer margins could suffer in the coming months which may temper chicken output. Further chicken wing market declines are projected during the next few weeks.

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