US chicken prices may rise as growth slows, report says
US chicken meat prices, which were 14 percent lower on average in the
first half this year compared with the same period last year, may strengthen as
output growth slows, according to the Department of Agriculture.
In the five weeks ended July 7, the number of chicks entering broiler farms
for fattening was 2.1 percent less than in the same period in 2005, the
Department said in its monthly report on the outlook for the poultry
"With growth in broiler production expected to slow in the
second half of 2006, prices for most broiler products are projected to gradually
strengthen compared with the first half of 2006,'' said David Harvey, author of
the poultry outlook.
Poultry suppliers are counting on stronger
domestic demand after broiler exports fell 9 percent in May.
for whole birds averaged 61.9 cents a pound in the first half of 2006, about 14
percent lower than in the same period in 2005, which was down 5 percent compared
with the first six months of 2004, Harvey said.
For more information
see the USDA's July Livestock, Dairy and Poultry Oulook report.
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