Egg Industry News and Commentary

  —  Jul 5

 
CME Prices

EGG-CITE & CHICK-CITE

 

NEWS

 

On Friday June 30th 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)

July ’17   370  (359)    

Sept. ’17  380  (367)  

Soybeans (cents per bushel)

July ’17   940  (905)    

Sept. ’17   948 (910)  

Soybean meal ($per ton)

July ’17   304  (294)

Sept’17    307  (296) 

 

 

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

Corn:                     July quotation up by 11 cents.                    (+3.1 percent)

Soybeans:            July quotation up by 35 cents                     (+3.9 percent)

Soybean Meal:   July quotation down by $10/ton                (+3.4 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 June edition of CHICK-CITE (enter WASD in SEARCH block) summarizing the May 10th USDA-WASDE Report #566, for a review of price projections and quantities of commodities produced during the 2016-17 season.

 

 

(SMS 1,029-17. June 30th 2017)