Poultry Market Outlook - May

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In May, broiler price evolution remained heterogeneous: in Europe, prices increased due to lower supplies and a slight rebound in feed prices; in the USA, the balance of supply and demand stabilized prices. Poultry industry performance remains positive. HPAI remains a challenge in North America and is spreading in Australia. Global demand remains strong. A record consumption of broiler meat is expected in 2024.

May_Image1_Broiler chicken market price comparison
Broiler chicken market price comparison – May 2024


The price of chicken is increasing in the EU (+1.4%) but is down by 4% compared to 2023, despite the significant drop in feed prices. Chicken production in the first quarter of 2024 has increased considerably (+6.2%), but this growth remains insufficient to meet the very high demand. EU imports decreased in March (-18%), marking the return of European production after 2 years of HPAI presence. France (+14%), Poland (+7%), and Belgium (+36%) maintained dynamic production in Q1.

May_Image2_Broiler chicken ave. market price EU without UK
Broiler chicken market price EU w.o. UK in USD – May 2024


May_Image2_Broiler chicken ave. market price EU without UK in EUR
Broiler chicken market price EU w.o. UK in EUR – May 2024


In May, HPAI losses surpassed 5 million birds. Despite the substantial number of outbreaks, production saw a 1.7% increase from January to April 2024. The USDA remains optimistic, maintaining a positive forecast of 1% growth for 2024. Demand continues to be light to moderate, resulting in a slight dip in chicken prices for May. Export volumes continued their decline in April (-14%), with significant drops in sales to China (-65%) and Taiwan (-64%) due to HPAI-related restrictions.


May_Image3_Wholesale Broiler chicken price USA
Wholesale Broiler chicken price the USA – May 2024


Broiler prices in May continued their decline, driven by decreasing domestic demand, a considerable increase in supply, and stock accumulation. Slaughterhouses remain cautious in their live purchases. With this price drop and a significant rise in soybean and corn prices, CEPEA reports a decrease in farmers’ margins in May. Despite the overall export growth of 5% in May, sales to China fell by 24%. However, there was a notable surge in sales to the Middle East (+28%) and Mexico (+129%).

May_Image4-Wholechicken_chilled wholesale price_Brazil
Wholechicken_chilled wholesale price_Brazil in USD – May 2024


May_Image4-Wholechicken_chilled wholesale price_BR Reals
Wholechicken_chilled wholesale price_Brazil in BR Reals-May2024


In May, chicken prices declined, driven by increased slaughterhouse stocks (+6%) and weak demand. In response to this trend, slaughterhouse activity levels remain low, operating at only 73% of capacity. In the coming months, farmers remain cautious about increasing production as summer and the holiday season approach, traditionally associated with low demand. In contrast, the price of yellow-feathered chicken is rising due to dynamic demand and reduced production. In May, imports fell by 36%, mainly from the USA (-70%) and Brazil (-20%).

May_Image6_Broiler Chicken cash price_China Mainland in USD
Broiler Chicken cash price_China Mainland in USD


May_Image5_Broiler Chicken cash price_China Mainland in CNY
Broiler Chicken cash price_China Mainland in CNY – May 2024
POULTRY MARKET WATCH is a monthly newsletter edited by Ceva Headquarters Libourne, France) Editor-in-chief: Caroline Gremillet, Ceva. Writers: Caroline Gremillet Market Data) Mohamed Bouizidi ABCIS, Poultry Market Analysis)All figures are from public sources and when using them, you are required to acknowledge their original sources and Ceva’s reprocessing. Experts in animal sectors – ABCIS