John Barone

Producer profits to boost chicken production

Commodities expert John Barone shares the latest trends in pricing and supplies.

Broiler production continues to grow, up 1.8 percent from a year ago in April, despite higher feed costs. That’s mostly because higher boneless, skinless chicken-breast prices — some 50 cents per pound above a year ago — are offsetting cost increases for producers. High breast prices, along with leg-quarter prices in excess of 50 cents per pound, should mean record-large profits for poultry producers in the second half of 2013. With forecasts for sharply lower feed prices

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