Poultry News for 3-11-10

Chicken producer profitability has certainly improved in recent months and there is now talk by some suppliers of expansion in the coming year. However, producers will have to be cautious with any production expansion plans unless chicken demand can notably improve in the coming months. With chicken output trending modestly above year ago levels in recent weeks, chicken breast prices have struggled to seasonally rally and wing prices have moved sharply lower. History suggests that the boneless skinless chicken breast market could remain fairly stable during the next month. Speculation is that the Russian embargo on US chicken could be resolved in the coming weeks.