US Chicken Prices Take Flight

US chicken processing volumes are running higher year-over-year by nearly 2%, while cold storage of chicken has fallen 1% from last year. To compound matters, year-to-date exports of chicken meat climbing by 10% has helped push the USDA’s chicken meat price composite higher by 16% from a year ago. Given that the retail price of most red meat cuts are lower this summer, will US consumers stick with their growing per capita consumption of white meat?