The ratio of broiler prices to animal feed prices dropped to 2.9 in July due to a combination of lower meat values and more expensive feed, according to recent reports.
Feed bills were 77% higher in July than in the same time during 2010, but a drop in domestic demand resulted in broiler prices dropping by 9.6% to $0.47 per pound. Breast meat prices have also dropped, by 27% to $1.1695 per pound over the last year.
Producers have responded to lowered demand by cutting back, reducing capacity and focusing on exports.
