Broiler stocks will end the year at 660 million pounds.
U.S. broiler production is expected to decline at the end of the third quarter in 2011 and moving into the fourth quarter as reductions in the number of chicks placed for growout more than offset higher average weights, according to the U.S. Department of Agriculture.
Broiler cold storage holdings are expected to end 2011 at 660 million pounds, down considerably from 2010 numbers. Lower production and lower stock levels are expected to eventually place upward pressure on prices, but this effect will be partially offset by a sluggish domestic economy.
Turkey production was higher in August, but is expected to decline in the fourth quarter of 2011. Lower stock levels for whole turkeys have placed upward price pressure on whole birds. Wholesale whole-hen turkey prices have increased, with third-quarter prices averaging $1.06 per pound, up 9% from 2010 numbers.
For more broiler statistics, visit http://www.wattagnet.com/marketdata.html.
Hain Celestial had previously owned 19 percent interest in Empire Kosher Poultry
After six-month market test at SuperTarget, GNP Company’s organic Just BARE chicken will be more widely available
Jiangsu Nanjing Jiangnan chicken and duck processing project is expected to slaughter as many as 50 million birds per year
Tyson Foods has been named to list of most admired companies for the second consecutive year
Initial estimates suggest cost to poultry, pig industry in excesss of US$241 million
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