This Friday USDA's Food Safety and Inspection Service will release an updated list of establishments approved to export poultry to Russia. Russia agreed to lift its ban on imports of U.S. poultry in June though they didn't sign the paperwork until last week. But don't expect a lot of U.S. poultry being exported right away, while some plants may be ready to resume exports to Russia many are weeks away.
All plants must re-apply for permission to export to Russia, a process in which an FSIS veterinarian must validate that the establishment is currently meeting all export requirements. That means plants will have to discontinue use of chlorine online before they can submit the application. Afterward they would have to wait for written confirmation that they have been approved as an export-eligible plant.
According to BMO Capital Markets analyst Ken Zaslow, the diversion of dark meat from domestic inventories is expected to boost leg quarter prices to 45-cents per pound. Current prices are about 38-cents per pound.
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