# W22: Chicken Update

> CEPEA reports Brazilian chicken prices fell sharply in late May 2023 on weaker demand, with frozen whole chicken down 1.1% month on month in São Paulo. US chicken consumption in 2023 is on track to exceed 2022, and Tyson projects about 3% US production growth this year. Thai broiler prices were roughly flat in mid-May.

- Date: 2023-06-06 · published 2023-06-06T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/35648-w22-chicken-update
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Weaker Brazilian domestic demand and rising US output growth point to softer chicken prices, which slightly reduces the appeal of chicken relative to pricier beef.

## Read by commodity

- CHICKEN: bearish ▼

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w22-chicken-update

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.