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CME: Broiler Industry is Now Moving

11 November 2014

US - The broiler industry is now moving, writes Steve Meyer and Len Steiner.

Broiler chick placements last week showed their largest year on year gain so far in 2014 at +3.8 per cent.  They have been steadily growing on last year’s pace since early August.  

Egg sets have moved closer to last year’s levels the past two weeks so we expect the yr/yr placement growth to slow a bit in the next three weeks but remain very positive as the sector finally responds to lower costs and strong profits.  

The broiler breeder flock has grown by over two per cent, yr/yr, the past three months and average broiler weights have gained 0.26 lbs. (about five per cent) since late June.  That is about double the normal seasonal rise.

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