# Excess protein supplies weighing on chicken prices

> Rabobank's latest Agribusiness Review says chicken prices, excluding wings, remain depressed by excess protein supplies. Boneless breast meat fell 2% to 86 cents/lb and is expected to decline through year-end. August chicken exports fell 2.2%, with double-digit drops in three of the top four markets.

- Date: 2020-10-28 · published 2020-10-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50785-excess-protein-supplies-weighing-on-chicken-prices
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Large chicken supplies and weak export demand keep breast and leg-quarter prices under pressure, which weighs on poultry feed demand. Wing prices are the exception, supported by foodservice demand.

## Read by commodity

- CHICKEN: bearish ▼

## Sources

- feedstuffs.com: https://www.feedstuffs.com/market-news/excess-protein-supplies-weighing-on-chicken-prices

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