Markets in 60 seconds: 9/2/13

Markets in 60 seconds: 9/2/13

Mexico poultry: In a move to increase the domestic supply of chicken meat, Mexico's Ministry of Economy authorized an exception to its tariff rate quota for imports of fresh chicken, frozen or chilled. Ravaged by avian influenza, Mexico's domestic poultry supplies have fallen sharply, with prices rising accordingly. According to the North American Meat Assn., the Mexican ministry confirmed a quota of 300,000 tons of chicken, with 50% allocated up front on a first-come basis, and left open the possibility of re-evaluating demand later in the year.

July eggs: The U.S. Department of Agriculture reported total U.S. egg production of 7.97 billion in July, an increase of 3% from last year. Production included 6.88 billion table eggs, 1.01 billion broiler-type hatching eggs and 77 million egg-type hatching eggs. The total number of layers in production during the month rose 2% to 344 million, with egg production per 100 layers up slightly at 2,313 eggs. The rate of lay per day as of Aug. 1 averaged 74.5 eggs per 100 layers, down slightly from a year ago. The number of egg-type chicks hatched during the month of July was up 8% from last year, but the number of eggs in incubators as of Aug. 1 was down 8% from a year ago.

Milk survey: After being sidelined due to budget cutbacks mandated as part of the sequestration, the National Agricultural Statistics Service (NASS) said it will resume quarterly milk production surveys in the new fiscal year beginning Oct. 1. NASS suspended the surveys in April. With the surveys back in business, NASS can once again provide dairy cow and milk per cow statistics in its monthly milk production estimates.

Volume:85 Issue:35

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