Avian Flu Remains Threat to U.S. Poultry Supplies
Cases of HPAI diminished significantly as temperatures warmed and the migratory season for wild birds ended. However, the risk of another outbreak this fall remains elevated and the stakes for poultry producers couldn’t be higher, according to a new report from CoBank’s Knowledge Exchange.
Poultry product values had increased substantially prior to this year’s HPAI outbreak due to tight supplies and strong consumer demand for animal protein products. The added burden of HPAI-related supply shocks further exacerbated tight market conditions, sending values skyrocketing. Table egg prices tripled in several markets and turkey breast meat rose to historic peaks.
Similarly, the value of U.S. poultry exports through June was up 19% year-over-year. In 2021, total U.S. poultry exports reached $5.9 billion, and the current pace of exports indicate a potential all-time record high in 2022. The increased dependence on export markets for certain poultry items like chicken paws and leg quarters brings added vulnerability for exporters subject to potential trade restrictions that could result from future HPAI outbreaks.