For the week ending June 4th, chicken output was down 14.1% from the previous week. Poor profitability is behind the recent downturn in chick placements for the broiler supply. The six week moving average for chick placements is tracking .7% below 2015. The USDA is forecasting chicken output this summer to be just 1% better than the previous year. This could be supportive of the chicken markets including wings. Typically, the ARA Chicken Wing Index rises 17% for the June through October time period. The USDA is forecasting fourth quarter 2016 chicken output to be 3.4% bigger than the prior year. If realized, chicken wing prices are unlikely to test the highs made earlier this year. Breast prices may near $1 a pound this fall.
Product Description |
Market Trend |
Supplies |
Price vs. Last Year |
Whole Birds 2.5-3 lb-GA) |
Decreasing |
Good |
Lower |
Wings (whole) |
Steady |
Good |
Lower |
Wings (jumbo, cut) |
Increasing |
Good |
Lower |
Wing Index (ARA) |
Decreasing |
Good |
Lower |
Breast, Bone In |
Steady |
Good |
Lower |
Breast, Boneless Skinless |
Increasing |
Good |
Lower |
Breast Boneless Index (ARA) |
Increasing |
Good |
Lower |
Tenderloin (random) |
Steady |
Good |
Lower |
Tenderloin (sized) |
Increasing |
Good |
Lower |
Legs (whole) |
Steady |
Good |
Lower |
Legs Quarters |
Increasing |
Good |
Lower |
Leg Quarters Index (ARA) |
Increasing |
Good |
Higher |
Thighs, Bone In |
Increasing |
Good |
Lower |
Thighs, Boneless |
Increasing |
Good |
Lower |