Tuesday, December 6, 2011

Chicken prices declining

Chicken prices have peaked and are heading down.

Producer prices in period A-108, which runs from Dec. 4 to Jan 28, are 5.4 cents lower than those of period A-107 in most provinces.

On average, the Canadian live price in A-108 is 20 cents higher than in the corresponding weeks of the previous year.

The Ontario live price for A-108 is $1.635/Kg.

The national supply management program has brought stocks into decline. 

They were down by 6.5 per cent on Nov. 1 from a year ago – 32.5 million kilograms compared with 35.5 last year – and down by 2.3 million kilograms from Oct. 1.

Production during October was down by 2.2 per cent and year to date by 0.6 per cent. Ontario production was down by 1.3 per cent this October and in Quebec by 2.2 per cent.

Production cuts have been greater in the U.S. than in Canada, and sets for hatching continue to decline there.

Year-to-date production is down by 1.2 per cent in Ontario and by 2.2 per cent in Quebec.

Year-to-date production totals 863 million kilograms.

Imports are up by 6.7 per cent to 140.4 million kilograms, an increase of 8.9 million from this point last year.