Welcome to our new and improved website.

To give you an opportunity to see what's new, and what has changed, we have taken the paywall down temporarily.
Currently, there is no need to log into the site.
We will provide instructions for creating new account and resetting passwords when the paywall is turned back on.


Consumers see lower prices for poultry, eggs

Posted

FAYETTEVILLE — Despite the ongoing challenge of avian influenza and recent plant closures, consumers saw lower chicken, turkey and egg prices in 2023.

Jada Thompson, assistant professor of agricultural economics and agribusiness for the University of Arkansas System Division of Agriculture, said 2023 brought some relief to poultry producers, even while noting some difficulties.

“Producers had an easing of highly pathogenic avian influenza outbreaks across the United States compared to 2022,” Thompson said. “We had strong bird placements, but broiler slaughter went down slightly. The plant closures across the United States reduced the slaughter capacity. However, across the year, overall poultry production was up compared to last year, with a slight dip in that trend in the fourth quarter.”

HPAI WOES CONTINUE

The HPAI outbreak that began last year has become the worst outbreak of the deadly virus in the United States. As of Dec. 14, HPAI affected 426 commercial flocks, 586 backyard flocks and more than 72.5 million birds, according to the U.S. Department of Agriculture’s Animal and Plant Health Inspection Service.

The first case of avian influenza detected in Arkansas this year was reported on Oct. 31 in a Madison County commercial broiler chicken flock of 31,600 birds. Since then, three more commercial flocks have reported positive for HPAI: two flocks in Carroll County and one in Johnson County. In Arkansas, 255,100 commercial birds were affected in 2023, compared to 56,000 in 2022.

Thompson said broiler production had a strong start to the year but experienced a slowdown in August, in part because of plant closures.

“This is likely driven by changes in production capacity, shifting technology demands of the industry and continued HPAI pressures affecting domestic and international markets,” she said.

In the face of the ongoing outbreak, poultry science researchers and educators from across the Americas converged in Arkansas in October for the two-day International Avian Influenza Summit. The summit, hosted by the Division of Agriculture’s Center of Excellence for Poultry Science and the Arkansas Agricultural Experiment Station, brought poultry experts together to discuss efforts to manage the spread of HPAI.

PRICES GOING DOWN

Thompson noted that in spite of these pressures, prices were down compared with 2022.

“This was driven by increased supply,” Thompson said. “While HPAI still affected flocks across the country, the number of farms affected was substantially lower than last year, meaning supplies were able to recover.

“For example, egg prices were up by 145 percent in 2022 but are down 29 percent in 2023, year-over-year,” she said. “We saw good recovery in supplies, placements, hatching and sales for eggs. We rounded out the year in a much healthier place.

“We are seeing similar impacts in broiler and turkey prices as well,” she said.

Thompson said an increased supply of turkey helped bring prices down in time for the holiday season.

“2022 was a hard year due to HPAI and inflationary pressures. Good supplies led into the 2023 holiday season, making Thanksgiving dinner more affordable this year,” Thompson said.

Arkansas is third in national ranking of turkey production, according to the latest USDA Turkeys Raised report.

Comments

No comments on this item Please log in to comment by clicking here