Egg Industry News and Commentary

  —  Mar 22

 
CME Prices

    

On March 17th at close of trading on the CME, the following rounded quotations for corn, soybeans and soybean meal were recorded. Values for corresponding months as quoted for the previous week are indicated in parentheses:-

COMMODITY

Corn (cents per bushel)

May ’17   367     (371)

June ’17     375    

Soybeans (cents per bushel)

May ’17   1,000  (1,025)

June ’17  1,010    

Soybean meal ($per ton)

May ’17   328     (336)   

June ’17     332       

                      

   

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

  • Corn:                     May quotation up by 4 cents                    (+1.1 percent)
  • Soybeans:            May quotation up by25 cents.                  (+2.4 percent)
  • Soybean Meal:    May quotation down by $8/ton              (-2.4) 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 the February 9th USDA-WASDE Report #562 for a review of price projections and quantities of commodities produced in the 2016 season.