Egg Industry Statistics and Reports


USDA Weekly Egg Price and Inventory Report, January11th 2018.

01/11/2018

Hen Numbers in Production Stable at 316.7 Million. Inventory up 3.3 Percent. Early January Prices Lower by 22 Percent From Previous Week.

OVERVIEW

According to the USDA Egg Market News Reports posted on January 8 th the Midwest wholesale prices for Extra Large and Large sizes were down by 21.7 and 22.2 percent respectively from last week and Mediums were 11.6 percent lower. The market was influenced mainly by hen numbers and egg inventory on the supply side of the equation for the first nine months of 2017. Seasonal and weather-related factors emerged to stimulate consumption in mid-September with an upward trend in price through early October. The progression of prices during 2017 is depicted in the USDA chart reflecting three years of data, updated weekly.

The January 8th USDA Egg Market News Report (Vol. 65: No. 02) documented a USDA Combined Region value of $1.40 per dozen delivered to warehouses. This price lags Midwest Weekly values by one week. The USDA Combined range for Large, in the Midwest was $1.32 per dozen. At the high end of the range, the price in the South Central Region attained $1.47 per dozen. The USDA Combined Price last week was approximately 20 cents per dozen above the corresponding three-year average.


 


WEEKLY COMMODITY REPORT

12/15/2017

According to the December 11th WASDE release, 83.1 million acres of corn will be harvested in 2017 to yield 14.58 Billion bushels. The soybean crop is projected to attain 4.43 Billion bushels from 89.5 million acres harvested.

On Friday December 15th at close of trading on the CME, the following rounded quotations for corn, soybeans and soybean meal were recorded, together with the bracketed value for the previous week.

 

 

 

 

COMMODITY

 

Corn (cents per bushel)

Jan. ‘18 347 -

March ‘18 347 (352)

Soybeans (cents per bushel)

Jan. ’18 968 (991)

March ’18 979 (1,006)

Soybean meal ($ per ton)

Jan. ‘18 321 -

March ’18 32 (336)

Changes in the price of soybeans and soybean meal this week were:-

Corn: Jan. quotation up by 7 cent/Bu. from Dec. ‘17 (+2.0 percent)

Soybeans: Jan. quotation down by 23 cents/Bu. (-2.3 percent)

Soybean Meal: Jan. quotation down by 7/ton from Dec. (-2.7 percent)

  • For each 10 cent per bushel change in corn:-

The cost of egg production would change by 0.45 cent per dozen

The cost of broiler production would change by 0.25 cent per pound live weight

  • For each $10 per ton change in the price of soybean meal:-

The cost of egg production would change by 0.40 cent per dozen

The cost of broiler production would change by 0.25 cent per pound live weight

See WADE posting on CHICK-NEWS under STATISTICS tab summarizing the December 11th USDA-WASDE Report #572, reviewing price projections and quantities of commodities to be produced during the 2017-18 season.

(SMS 2,043-17. December 15th 2017)


 

USDA Weekly Egg Price and Inventory Report, December 13th 2017

12/14/2017

Hen Numbers in Production up by 0.3 Million and Inventory Up 3.5 Percent. Pre-Christmas Prices Stable Consistent with Seasonal Demand

OVERVIEW

According to the USDA Egg Market News Reports posted on December11 th the Midwest wholesale prices for Extra Large and Large sizes were unchanged from last week but Mediums were 0.9 percent lower. The market was influenced mainly by hen numbers and egg inventory on the supply side of the equation for the first nine months of 2017. Seasonal and weather-related factors emerged to stimulate consumption in mid-September with an upward trend in price through early October. Thereafter price entered a steep downward trend for three consecutive weeks bottoming four weeks ago. This situation has reversed with three consecutive weekly rises leading into the Thanksgiving weekend although prices have apparently reached a plateau. The progression of prices during 2017 is depicted in the USDA chart reflecting three years of data, updated weekly.


 


WEEKLY COMMODITY REPORT

12/08/2017

According to the November 9th WASDE release, 83.1 million acres of corn will be harvested in 2017 to yield 14.58 Billion bushels. The soybean crop is projected to attain 4.43 Billion bushels from 89.5 million acres harvested. These figures will be updated following release of the December 12th WASDE.

On Friday December 8th at close of trading on the CME, the following rounded quotations for corn, soybeans and soybean meal were recorded, together with the bracketed value for the previous week.

 

 

COMMODITY

 

Corn (cents per bushel)

Dec. ’17 340 (345)

March ‘18 352 (354)

Soybeans (cents per bushel)

Jan. ’18 991 (994)

March ’18 1,003 (1,006)

Soybean meal ($ per ton)

Dec. ‘17 330 (328)

March ’18 336 (326)

Changes in the price of soybeans and soybean meal this week were:-


 


Export of Shell Eggs and Products, January-October 2017

12/08/2017

USDA-FAS data collated by USAPEEC, reflecting export volume and values for shell eggs and egg products are shown in the table below comparing the first ten months of 2017 with the corresponding period in 2016:-

PRODUCT

Jan.-Oct. 2016

Jan.-Oct. 2017

Difference

Shell Eggs

     

Volume (m. dozen)

101.9

101.4

+2.2 (+2.2%)

Value ($ million)

102.3

102.4

+0.1 (+1.0%)

Unit Value ($/dozen)

1.00

0.98

-0.02 (- 2.0%)

Egg Products

 

 

 

Volume (metric tons)

21,251

36,682

+15,431 (+72.6%)

Value ($ million)

60.4

97.0

+36.6 (+50.6%)

Unit Value ($/metric ton)

2,842

2,644

-198 (-6.9%)

U.S. EGG EXPORTS FOR JANUARY-OCTOBER 2017 COMPARED WITH

THE CORRESPONDING MONTHS IN 2016

Source USDA-FAS/USAPEEC


 


USDA Weekly Egg Price and Inventory Report, December 6th 2017.

12/06/2017

Hen Numbers in Production up By 0.4 Million but Inventory Disproportionately up 12.5 Percent Post-Thanksgiving. Prices Stable With a Full Retail Pipeline

OVERVIEW

According to the USDA Egg Market News Reports posted on December 6 th the Midwest wholesale prices for Extra Large and Large sizes were up approximately 0.6 percent on average and Mediums were 0.9 percent higher compared to the previous week. The market was influenced mainly by hen numbers and egg inventory on the supply side of the equation for the first nine months of 2017. Seasonal and weather-related factors emerged to stimulate consumption in mid-September with an upward trend in price through early October. Thereafter price entered a steep downward trend for three consecutive weeks bottoming four weeks ago. This situation has reversed with three consecutive weekly rises leading into the Thanksgiving weekend although prices have reached a plateau. The progression of prices during 2017 is depicted in the USDA chart reflecting three years of data, updated weekly.


 


WEEKLY COMMODITY REPORT

12/01/2017

According to the November 9th WASDE release, 83.1 million acres of corn will be harvested in 2017 to yield 14.58 Billion bushels. The soybean crop is projected to attain 4.43 Billion bushels from 89.5 million acres harvested. These figures will be updated following release of the December WASDE.

On Friday December 1st at close of trading on the CME, the following rounded quotations for corn, soybeans and soybean meal were recorded, together with the bracketed value for the previous week.

COMMODITY

 

Corn (cents per bushel)

Dec. ’17 345 (342)

March ‘18 359 (354)

Soybeans (cents per bushel)

Jan. ’18 994 (992)

March ’18 1,006 (1,004)

Soybean meal ($ per ton)

Dec. ‘17 328 (325)

March ’18 336 (328)

Changes in the price of soybeans and soybean meal this week were:-

Corn: Dec. quotation up by 3 cent/Bu. (+0.9 percent)

Soybeans: Jan. quotation up by 2 cents/Bu. (+0.2 percent)

Soybean Meal: Dec. quotation up by $3/ton (+0.9 percent)

  • For each 10 cent per bushel change in corn:-

The cost of egg production would change by 0.45 cent per dozen

The cost of broiler production would change by 0.25 cent per pound live weight

  • For each $10 per ton change in the price of soybean meal:-

The cost of egg production would change by 0.40 cent per dozen

The cost of broiler production would change by 0.25 cent per pound live weight

See posting on CHICK-CITE (enter WASD in SEARCH block) summarizing the November 9th USDA-WASDE Report #571, for a review of price projections and quantities of commodities to be produced during the 2017-18 season.

(SMS 1,975-17. December 1st 2017)


 

WEEKLY COMMODITY REPORT

11/30/2017

According to the November 9th WASDE release, 83.1 million acres of corn will be harvested in 2017 to yield 14.58 Billion bushels. The soybean crop is projected to attain 4.43 Billion bushels from 89.5 million acres harvested.

On Friday November 24th at close of trading on the CME, the following rounded quotations for corn, soybeans and soybean meal were recorded, together with the bracketed value for the previous week.

COMMODITY

 

Corn (cents per bushel)

Dec. ’17 342 (343)

March ‘18 354 (363)

Soybeans (cents per bushel)

Jan. ’18 992 (977)

March ’18 1,004 (997)

Soybean meal ($ per ton)

Dec. ‘17 325 (314)

March ’18 328 (320)

 

Changes in the price of soybeans and soybean meal this week were:-

Corn: Dec. quotation down by 1 cent/Bu. (-0.3 percent)

Soybeans: Jan. quotation up by 15 cents/Bu. (+1.5 percent)

Soybean Meal: Dec. quotation up by $11/ton (+3.5 percent)

  • For each 10 cent per bushel change in corn:-

The cost of egg production would change by 0.45 cent per dozen

The cost of broiler production would change by 0.25 cent per pound live weight

  • For each $10 per ton change in the price of soybean meal:-

The cost of egg production would change by 0.40 cent per dozen

The cost of broiler production would change by 0.25 cent per pound live weight

See posting on CHICK-CITE (enter WASD in SEARCH block) summarizing the November 9th USDA-WASDE Report #571, for a review of price projections and quantities of commodities to be produced during the 2017-18 season.

(SMS 1,930-17. November 25th 2017)


 

USDA Weekly Egg Price and Inventory Report, November 30th 2017.

11/30/2017

Hen Numbers in Production up by 1 million but Inventory Up 2 Percent. Increased Demand Leading to 11 Percent Rise in Shell Price.

OVERVIEW

According to the USDA Egg Market News Reports posted on November 27th the Midwest wholesale prices for Extra Large and Large sizes were up approximately 11 percent on average and Mediums were 2 percent higher compared to the previous week. The market was influenced mainly by hen numbers and egg inventory on the supply side of the equation for the first nine months of 2017. Seasonal and weather-related factors emerged to stimulate consumption in mid-September with an upward trend in price through early October. Thereafter price entered a steep downward trend for three consecutive weeks bottoming four weeks ago. This situation has reversed with three consecutive weekly rises leading into the Thanksgiving weekend. The progression of prices during 2017 is depicted in the USDA chart reflecting three years of data, updated weekly.


 


USDA Weekly Egg Price and Inventory Report, November 22nd 2017.

11/23/2017

Hen Numbers in Production Soar by 5.8 million but Inventory Down 11.7 Percent on Increased Demand Leading to 23 Percent Rise in Shell Price.

OVERVIEW

According to the USDA Egg Market News Reports posted on November 20th the Midwest wholesale prices for Extra Large and Large sizes were up 23 percent on average and Mediums were 30 percent higher compared to the previous week. The market was influenced mainly by hen numbers and egg inventory on the supply side of the equation for the first nine months of 2017. Seasonal and weather-related factors emerged to stimulate consumption in mid-September with an upward trend in price through early October. Thereafter price entered a steep downward trend for three consecutive weeks bottoming two weeks ago. This situation has reversed with three consecutive weekly rises leading into the Thanksgiving weekend. The progression of prices during 2017 is depicted in the USDA chart reflecting three years of data, updated weekly.

The November 20th USDA Egg Market News Report (Vol. 64: No. 47) documented a USDA Combined Region value of $1.35 per dozen delivered to warehouses. This price lags Midwest Weekly values by one week. The USDA Combined range for Large, in the Midwest was $1.27 per dozen. At the high end of the range, the price in the Southeast Region attained $1.40 per dozen. The USDA Combined Price last week was approximately 5 cents per dozen above the corresponding three-year average.

The number of producing hens this week was up by a noteworthy 5.8 million to 312.6 million. The hen population is at a high level relative to current consumer and industrial demand. The total egg-flock comprises 318.6 million hens over two cycles and in molt on all farms, up 0.6 percent (2.0 million) from last week. This suggests many molted flocks timed to enter production this past week together with an increase in the numbers of large flocks.

Generic shell-egg stock fell by11.7 percent compared to a decrease of 3.7 percent for the previous week suggesting short-term price increases. The sharp rise in the number of producing hens suggests an increase in supply requiring a commensurate offtake by all segments of demand. To maintain prices the market will have to find a balance between supply and demand as we approach winter months.

Dried-egg inventory amounted to 19.6 million pounds (8,909 metric tons) as of October 31st 2017 (was 22.1 million lbs. on September 30 th 2017)

The National stock of frozen egg products as reported by the USDA on November 22nd attained 32.8 million pounds (14,913 metric tons) as of October 30th 2017.


 


USDA- WASDE FORECAST #571, November 9th 2017

11/09/2017

PRODUCTION: 

Harvest Area                                89.5m. acres (90.2 m. acres planted, corresponding to 99.2% of planted acreage )

Yield                                               49.5 bushels per acre (was 49.9 bushels/acre in the September WASDE report)

Beginning Stock                          301m. bushels

Production                                  4,425m bushels

Imports                                           25m. bushels

Total Supply                              4,752m bushels        Proportion of Supply

Crushings                                  1,940m. bushels                40.8%

Exports                                      2,250m. bushels                47.4%

Seed                                              101m. bushels                 2.1%

Residual                                          35 m. bushels                0.7 %

Total Use                                   4,326 m. bushels               91.0%

Ending Stocks                               425m. bushels                 9.0% 


 


USDA DATA ON CAGE-FREE PRODUCTION

11/07/2017

Based on the growing importance of cage-free production, the USDA-AMS issues a monthly report on volumes and prices for the information of Industry stakeholders.

EGG-NEWS will summarize and comment on data and trends in the monthly USDA Cage-Free Report, supplementing the information posted weekly in the posted Price and Inventory Report.

The report for the month of October 2017 released on November 7th 2017 documented a 2.8 percent increase in organic flocks and a 3.6 percent increase for cage-free flocks reflecting realities in the market.

Average flock production fell 0.25 percent to a nominal 74.75 percent in October indicating slightly older flocks compared to September:-

 

Flock Size (million hens)

Aug. ‘17 Sept.‘17 Oct. ’17

Certified Organic

14.1 14.3 14.7

Cage-free hens

31.7 33.5 34.7

Total non-caged

45.8 47.8 49.4

 

Average weekly production cases, October

Certified Organic

213,360 was 208,542 Sept. +2.3%

Cage-free

504,355 was 488,542 Aug. +3.2%

Total non-caged

717,715 was 697,084 Aug. +3.0%

 

Average Wholesale Contract Price Cage-Free Brown

$1.60/doz. Unchanged from September.

Range

FOB Negotiated price, nest run

$1.10 to $2.10/doz. (Aug. $1.16 to $2.00)

$1.44 to $1.47/doz Average $1.46/doz.

 

Average Advertised National Retail Price C-F, L, Brown

$2.81/doz. (was $2.60 Sept.)

USDA 6-Region

High: NE

$2.81/doz. Was $2.81

 

Low: Midwest

$2.65/doz. Was $2.39

 

See weekly USDA wholesale and retail prices posted in the EGG-NEWS Egg Price and Inventory Report mailed each Friday

(SMS 1,825 -17 November 7th 2017)


 

Status of 2017 Corn and Soybean Crops

10/30/2017

The USDA Crop Progress Report released Monday October 30th documented the status of corn and soybean crops. The condition of the corn crop is inferior compared with 2016, attributed to arid conditions in Illinois, Iowa and Ohio. The quantity of corn harvested is behind the corresponding week in 2016 as indicated in the table below:-

WEEK ENDING

 

Crop

October 22nd

October 29th

5-Year Average

Corn Dough

Corn Dented

100

100

100

100

100

100

Corn Mature

Corn Harvested

100

38

100

54

100

72

Soybeans Setting pods

Dropping Leaves

100

100

100

100

100

100

Soybeans harvested

70

83

84


 


Export of Shell Eggs and Products, January-August 2017

10/18/2017

CORRECTION:

Two incorrect values in the table as indicated (*) in the previous posting have now been corrected.

 

USDA-FAS data collated by USAPEEC, reflecting export volume and values for shell eggs and egg products are shown in the table below comparing the first eight months of 2017 with the corresponding period in 2016:-

 

    PRODUCT

  Jan.-Aug. 2016  

Jan.-Aug. 2017

   Difference

Shell Eggs

 

 

 

Volume (m. dozen)

  77.2     

     78.3

+1.1*    (+1.4%)

Value ($ million)

  78.3

     73.9

 -   4.4      (- 5.6%)

Unit Value ($/dozen)

    1.01

      0.94

  -0.07    (- 6.9%)       

Egg Products

 

 

 

Volume (metric tons)

  14,607

 28,883

+14,276* (+97.7%)

Value ($ million)

     43.3

     74.9

    +31.6   (+72.5%)

Unit Value ($/metric ton)

   2,964

   2,593

    -371     (-12.5%)

                             

              U.S. EGG EXPORTS FOR JANUARY-AUGUST 2017 COMPARED WITH

                                               THE CORRESPONDING MONTHS IN 2016

 

Source USDA-FAS/USAPEEC


 


USDA Projections for 2017 and 2018 Egg Production

10/18/2017

The USDA Economic Research Service issued an updated October 18th forecast of egg production. Values were unchanged from the September 18th report for 2016 but minor changes were made to the projection for 2017 and the forecast for 2018. Production data reflecting 2016 and 2017 should be compared to 2015 which was impacted by the Spring outbreak of HPAI in the upper-Midwest.

 

Parameter

2015 (actual)

2016 (actual)

2017 (forecast)

2018 (Projection) Delta '17-'18

 

EGGS

       
 

Production (m. dozen)

6,938*

7,435

7,568

7,765        +1.3%

 

Consumption (eggs per capita)

256.3*

274.7

275.7

277.5        +0.7%

  New York price (c/doz.)

182*

86

93

      95                    +2.2%

         

 Source: Livestock, Dairy and Poultry Outlook – October 18th 2016

 

*Impacted by Spring 2015 HPAI outbreaks. Consumption in 2014, 267 eggs per capita

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.

 

(SMS 1,675-17.  October 18th 2017)


 
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