Egg Industry Statistics and Reports


Egg Monthly

07/09/2018

REVIEW OF JUNE PRODUCTION STATISTICS AND COSTS.

  • June 2018 USDA Ex-Farm Benchmark Price up 19 Percent from May Consistent with Seasonal Trends.

  • Production Cost Down 3.5 Percent with Feed Lower by 5.6 Percent.

  • Positive Nest-run Margin Restored to 13.7 Cents per Dozen

     

    INTRODUCTION.

    Summary tables for the latest USDA June 2018 statistics and prices made available by the EIC on July 9th are arranged, summarized, tabulated and discussed in comparison with values from the previous June 11th 2018 posting reflecting May 2018 data.

 

COSTS & REVENUE

Parameter

MAY 2018

JUNE 2018

5-Region Cost of Production

ex farm (1st Cycle)

64.48 c/doz

62.22 c/doz

Low

59.90 c/doz (MW)

56.94c/doz (MW)

High

81.65 c/doz (CA)

78.89 c/doz (CA)

 

Components of 6-Region 1stCycle Cost of Production:-

 

MAY 2018

JUNE 2018

Feed

35.57 c/doz

33.60c/doz

Pullet depreciation

11.38 c/doz

11.10 c/doz

Labor

4.00 c/doz

4.00 c/doz

Housing

5.30 c/doz

5.30 c/doz

Miscellaneous and other*

8.22 c/doz

8.22 c/doz

* adjusted February 2018


 


USDA DATA ON CAGE-FREE PRODUCTION

07/02/2018

Based on the importance of cage-free production, the USDA-AMS issues a monthly report on volumes and prices for the information of Industry stakeholders. There is profound doubt as to the accuracy of the monthly flock numbers and the question is raised as to the desirability of posting accurate quarterly data in place of erratic monthly figures.

EGG-NEWS summarizes and comments on data and trends in the monthly USDA Cage-Free Report, supplementing the information posted weekly in the Egg Weekly Price and Inventory Report.

The USDA Cage Free Report for the month of June 2018 released on July 2 nd 2018 documented no increase in hens producing under the Certified Organic seal and a 0.2 percent increase in cage-free flocks as compared to May 2018. Organic egg production was up 0.7 percent from May. Cage-free egg production was up 0.8 percent from May. The respective numbers of hens in organic and cage-free flocks should reflect the realities of supply and demand in the market over successive quarters. Average flock production was increased by 0.25 percent to 75.25 percent for both categories in June (accepting USDA data):-

Flock size ’18 (million hens)

Jan.

Feb.

March

April

May

June

Certified Organic

14.6

15.0

15.0

15.5

15.6

15.6

Cage-free hens

35.7

36.9

36.9

38.9

38.9

39.1

Total non-caged

50.3

51.9

51.9

51.9

54.5

54.7

 

Average weekly production cases, June 2018 Δ

Certified Organic

228,507 was 226,902 May +0.7%

Cage-free

571,860 was 567,233 May +0.8%

Total non-caged

800,367 was 794,135 May +0.8%

 

Average Wholesale Contract Price Cage-Free Brown

$1.59/doz. Down $0.01 from May

Range unchanged at:

$1.02 to $2.10/doz. (Av. $1.59/doz)

FOB Negotiated price, grade quality nest run

Down 13 percent from March

$0.90 to $1.41/doz. (Av. $1.12/doz)

 

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

$2.69/doz. (unchanged) May ’18

USDA 6-Region

High: NE

$2.86/doz. $2.94 NE

 

Low: MW

$2.52/doz. $2.49 SC

 

Kindly refer to weekly USDA wholesale and retail prices posted in the EGG-NEWS Egg Price and Inventory Report E-mailed each Friday. The previous Monthly Cage-Free Report is available under the STATISTICS Tab.


 

Updated USDA Projections for 2018 and 2019 Egg Production

06/18/2018

The USDA Economic Research Service issued an updated June 18th 2018 forecast of egg production. The volume of eggs produced and per capita consumption in 2019 were increased by 2.1 and 1.5 percent respectively over 2018. Consistent with this disparity the benchmark New York price was reduced by 10.1 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

 7,789                7,950                   +2.1%

 

Consumption (eggs per capita)

      255.6*

    271.7

 276.4

 276.7                280.8                   +1.5%

New York price (c/doz.)

          182*

         86

     101

    137                   125                   +9.6%

                   

 

 

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.


 

USDA- WASDE FORECAST #578 June 12th 2018

06/12/2018

OVERVIEW

The June 12th 2018 USDA WASDE projections for the 2018 corn and soybean harvests are based on actual planting data, long-range weather forecasts and historical records. Harvest areas for corn and soybeans were unchanged from the May projection at 80.7 million acres (83.1 million in 2017) and 89.2 million acres, (89.5 million acres in 2017) respectively. The USDA held corn yield to 174.0 bushels per acre (175.4 bushels in 2017). Soybean yield was retained at 48.5 bushels per acre (49.5 bushels in 2017).  The USDA June projection of ending stock for corn was reduced 6.2 percent to 1,577 million bushels due to higher “Ethanol & Byproducts” use. Ending stock for soybeans was lowered 7.2 percent to 385 million bushels compared to the May 2018 WASDE Report.

It is stressed that the USDA projections of ending stocks and prices do not take into account any disruption by current uncertainties concerning future trade embargos or punitive tariffs.

CORN

The projection of the corn harvest was retained from the May 2018 Report to 14,040 million bushels consistent with the reality that the crop is in the ground. The projection for 2018 can be compared to the 2017 harvest of 14,577 million bushels and is down 7.3 percent from the 2016 near-record harvest of 15,148 million bushels. The “Ethanol and Byproducts” category was raised 0.9 percent to 5,675 m. bushels but exports were held at 2,100 m bushels.  “Feed and Residual” was reduced by 25 m. bushels resulting in a corresponding decrease of 6.2 percent in ending stocks to 1,577 m. bushels. The projected USDA range in farm price was raised 10 cents per bushel on both ends of the range to 340 to 440 cents per bushel. At close of trading on June 12th CME quotations for July and September 2018 corn were 377 cents and 387 cents per bushel respectively.

JUNE 2018 WASDE #578 ESTIMATE FOR THE 2018 CORN HARVEST:


 


Export of Shell Eggs and Products January-April 2018.

06/09/2018

USDA-FAS data collated by USAPEEC, reflecting export volume and values for shell eggs and egg products are shown in the table below comparing January-April 2018 with the corresponding period in 2017:-

PRODUCT

Jan.-April 2017

Jan.-April 2018

Difference

Shell Eggs

     

Volume (m. dozen)

36.3

35.6

-0.7 (-1.9%)

Value ($ million)

35.4

48.0

+12.6 (+35.6%)

Unit Value ($/dozen)

0.98

1.35

+0.37 (+37.8%)

Egg Products

 

 

 

Volume (metric tons)

14,413

12,151

-2,262 (-15.6%)

Value ($ million)

37.3

44.6

+7.3 (+19.6%)

Unit Value ($/metric ton)

2,587

3,670

+1,083 (+41.9%)

U.S. SHELL EGG AND EGG PRODUCT EXPORTS IN JANUARY-

APRIL 2018 COMPARED WITH JANUARY-APRIL 2017

Source USDA-FAS/USAPEEC


 










































































































































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