Poultry farmers see decline in prices

DELMARVA - When poultry prices are strong as they have been in recent years, farmers enjoy a market bonus from the processors who buy their chicken.

But with poultry prices weakening and expected to fall further by year end, the bonuses to farmers are shrinking.

Although Americans are eating more chicken than ever, increased supplies of other meat are driving down poultry prices.

"There has been a little bit of a market bonus this summer, but it is not as much as last summer," said Charlie Postles, a Perdue farmer with 120,000 chickens in Milford. "I expect it to go ahead and disappear by the end of the year." The bonuses amount to less than a penny a pound, he said.

Source: DelmarvaNow.com
calendar icon 26 August 2005
clock icon 1 minute read
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