Industry Snapshot: Price advantage gives chicken market competitive edge
Toronto – February 23, 2022 – According to the latest report from Kevin Grier Market Analysis and Consulting Inc., chicken is poised to outcompete beef and pork products as the market benefits from lower prices and increased demand.
Prices for wing cuts are forecasted to go down 5 percent, with demand staying strong over the year. Grocers have been happy to showcase chicken products on the front of flyers given the above average returns generated for retailers.
The market remains tight on margins, as logistical problems plague all industries with truck and transport costs creating uncertainty. Offsetting these logistical concerns are the readily available stockpiles from intermittent lockdowns, which have been sustaining inventory levels in food service.
UFCW Canada members work in all aspects of the chicken market from food processing to retail. To learn more about delicious UFCW-made food, visit our Great Canadian Food Products page.