The latest Rabobank Poultry Report finds the global market for poultry products challenged by rising consumer prices due to inflation, labor shortages and sharply higher distribution costs. The following is a Q&A with Rabobank Senior Animal Protein Analyst Christine McCracken.
Poultry products remain popular with consumers and the industry has plenty of open road ahead; but external mitigating factors continued to tamp down sales in 2016 and have some areas in need of a tuneup.
Overall sales of poultry were down less than 1 percent in 2016 from 2015 because of a decline in poultry prices as well as total volume of poultry sold, according to Chicago-based Mintel International’s Poultry U.S. report, published in November 2016.
Average poultry production for the last 12 months is at an all-time high and is up 4.4 percent from the prior year. There are, however, some tentative signs of slower growth moving through early 2016.