The current trends for the spring and summer of 2010 in the chicken markets involve fairly strong whole chicken prices, rising boneless breast prices, and falling wing prices. Typically, boneless breast prices rise 5% in the next four or five weeks before peaking. Market indicators show the wing market may be forming a bottom. With highly inflated beef and pork prices now prevalent, most insiders think retailers wanting to push protein activity will look to chicken first during the late spring and early summer. This along with poultry set cutbacks could lead to continued higher pricing through the summer months. Pricing levels are currently at higher than normal levels, in some cases record levels, due to the cutbacks in place in the poultry industry. It remains to be seen if the industry is able to keep these restraints in place for the coming months. If this trend is able to continue, pricing could stay strong for the foreseeable future.
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