Canadian poultry oversupply easing
The oversupply of poultry in cold storage that has been pressuring Canadian poultry prices has started to ease, according to Patrick O’Neil of Ontario Pork in the latest Farmscape report.
“The most recent data we have for chicken supplies shows that, at the beginning of April, chicken supplies were actually slightly less than the month before so that’s an indication that, despite the fact that chicken supplies are abundant compared to their historical level, they are no longer growing,” he says.
O’Neil tells Farmscape the volume of frozen meat in storage was a really hot topic at the beginning of April when wholesale prices were drastically affected.
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