Collapse in chicken demand stuns poultry industry
After a strong start in 2022, the situation completely unraveled during the second half of the year.
Chicken prices collapsed, along with demand, in the second half of 2022. This sets up a bleak picture for integrator profitability.
In May 2022, according to the U.S. Department of Agriculture estimates, spot wholesale prices for boneless skinless breast meat averaged about $3.50 per pound, an all-time high…