I do not agree with those who say that a dog with fair hips should not be bred. Hips do matter and I do think that the OFA evaluations are worthwhile and should be considered. But they should be considered in the context of a lot of other things that good breeders take into account when they make the complex decisions of which dogs to breed. Fair is a passing grade. While Fair is not what you are looking for, there are lots of other qualities to consider. You want breeding dogs that have a fabulous temperament, a pedigree full of champions and healthy poodles, beautiful movement, a beautiful coat, a nice chest, great overall structure, not too inbred, and ideally an AKC championship. And a good breeder will be carefully evaluating how the dam and the sire work together to improve the lines. Realistically, you are not going to find a dog that is absolutely perfect in every way. If you insist on excellent x excellent hips, you better be prepared to make big compromises in other areas. Most breeding poodles do not get excellent ratings. I would accept fair x good if everything else looked fabulous.
PS. My two dogs are excellent (Cammie) and good (Sam), so what I say above is theoretical for me.