2024 is starting off to be a stronger year for broilers, and gaining momentum as the year progresses. Production through Q1 is 99 percent of last year in pounds (15.130 billion) and head slaughtered (2.323 million). But with softening feed prices and increased parts prices, margins are positive and at their highest since the first half of 2022.
Boneless skinless breast meat prices reached $1.74/pound last week, up from $1.07/pound at the beginning of the year. Interestingly, wing prices are up to $2.30/pound, after starting the year at $1.64/pound. The seasonal demand for wings spans from New Years through February’s Super Bowl, and into the “March Madness” of the NCAA college basketball tournament but has k...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Total Red Meat & Poultry September 2026 total red meat and poultry stocks totaled 1.97 billion pounds, down 1.4 percent from August despite typically increasing 0.8 percent during the month, and were 1.5 percent below September 2025 levels. The decline pushed total inventories to a new five...
