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Updated USDA Projections for 2018 and 2019 Egg Production

07/16/2018

The USDA Economic Research Service issued an updated July 16th 2018 forecast of egg production. The volume of eggs produced and per capita consumption in 2019 were increased by 1.8 and 1.1 percent respectively over 2018. Consistent with this disparity the benchmark New York price was reduced by 12.6 percent in unit value Production data reflecting 2016 and 2017 should be compared to 2015 which was impacted by the Spring outbreak of HPAI in the upper-Midwest. For reasons which are unclear the USDA amended per capita egg consumption for 2015 through 2017. The latest data is reflected in the table below.

 

 

Parameter

2015

(actual)

2016

(actual)

2017

(actual)

2018 2019 Difference %

(projection) (forecast) 2018 to 2019

 

EGGS

       
 

Production
(m. dozen)

6,938*

7,435

7,677

7,826 7,970 +1.8%

 

Consumption
(eggs per capita)

255.8*

271.6

276.3

277.0 281.0 +1.1%

 

New York price (c/doz.)

182*

86

101

142 124 -12.6%

                   

 

Source: Livestock, Dairy and Poultry Outlook - June 18th 2018

*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.