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Updated USDA Projections for U.S. Egg Production

03/15/2021

The USDA Economic Research Service issued an updated forecast of egg production on March 15th 2021 revising the previous February 16th 2021 report. The March projection of production was increased by 1.0 percent to 8,140 million dozen with a per capita consumption of 288.2 up 0.6 percent compared to 2020. The average 2021 benchmark New York bulk unit price was increased to 114 cents per dozen due to higher prices during the first and fourth quarters. Subsequent USDA forecasts will provide greater clarity on reopening of the economy that is still depressed with high unemployment attributed to COVID restrictions.

 

March 2021 data is shown in the table below:-

Parameter

2017

(actual)

2018

(actual)

2019

(revised)

2020 2021 % Difference

(projection) (forecast) 2020-2021

Production (m. dozen)

7,811

8,042

8,265

8,058 8,140 +1.0

Consumption (eggs per capita)

282.1

287.8

293.6

286.6 288.2 +0.6

New York price (c/doz.)

101

138

94

112 114 +1.7

 

Source: Livestock, Dairy and Poultry Outlook –March 15th 2021

 

Subscribers to EGG-NEWS are referred to the postings depicting weekly prices, volumes and trends and the monthly review of prices and related industry statistics.