Updated USDA Projections for U.S. Egg Production

02/16/2021

The USDA Economic Research Service issued an updated forecast of egg production on February 16th 2021 revising the previous January 19th 2021 report. The February 2021 projection of production for 2020 was increased by 1.0 percent to 8,040 million dozen with a per capita consumption of 285.9 compared to 2019. The discrepancy between production and consumption in 2020 was partly offset by the substantial but transitory COVID-related rise in price during March and April. The average 2020 benchmark New York bulk unit price was maintained at 112 cents per dozen due to prevailing prices during the third 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.

 

For 2021 the USDA forecast of production was revised upward by 1.0 percent from 2020 to attain 8,120 million dozen with a disproportionate 0.4 percent increase in per capita consumption to 287.1 eggs. The New York unit realization of 112 cents per dozen was unchanged from 2020.

 

January 2021 data is shown in the table below:-

Parameter

2017
(actual)

2018
(actual)

2019
(revised)

2020
(projection)
2021
(forecast)
% Difference
2020-2021

Production (m. dozen)

7,811

8,042

8,265

8,040 8,120 +1.0

Consumption (eggs per capita)

282.1

287.8

293.6

285.9 287.1 +0.4

New York price (c/doz.)

101

138

94

112 112 0

Source: Livestock, Dairy and Poultry Outlook –February 16th 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.










































































































































































































Top