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Articles from 2014 In June


FDA secures full industry support on antimicrobial strategy

The U.S. Food & Drug Administration announced June 30 the first of its progress reports on its strategy to promote the judicious use of antimicrobials in food-producing animals.

All 26 drug manufacturers affected by Guidance for Industry (GFI) #213 have now agreed to fully engage in the strategy by phasing out the use of medically important antimicrobials in food-producing animals for food production purposes and phasing in the oversight of a veterinarian for the remaining therapeutic uses of such drugs, FDA said, noting that while GFI #213 specified a three-year timeframe (until December 2016) for drug sponsors to complete the recommended changes to their antimicrobial products, some sponsors have already begun to implement them.

FDA is committed to updating the public on the progress that drug sponsors have made in aligning their products with GFI #213 and intends to do so on a six-month basis. FDA's progress reports will summarize current and pending actions taken by sponsors to align with the guidance, including the type of action (e.g., withdrawal, change in marketing status) and, when possible without revealing confidential business information, the type of animal for which the drug is approved for use and the type of application (pioneer, generic, combination).

As of June 30, FDA reports the following progress in the animal health industry's engagement in GFI #213:

* The last sponsor, Pharmaq AS, has agreed in writing to engage in the judicious use strategy, and has consented to allow FDA to publicly acknowledge its participation. With this addition, all 26 sponsors of 283 affected applications have now confirmed in writing their intent to engage with FDA as defined in GFI #213 and have given FDA consent to identify them as participants. Please see FDA's March 26, 2014 Update for a list of companies that had previously committed to the strategy.

* There have been two published label changes, one to withdraw a production claim and one to change a product's marketing status from over-the-counter to available by prescription only. These changes are documented in the online chart of Applications Affected by GFI #213, and FDA will continue to update this chart in real time when label changes are approved.

* One additional drug label change is currently pending. The change is from over-the-counter marketing status to prescription status. More details about the product and the change in labeling will be available after the paperwork is complete. (The level of summary detail provided in this update for pending supplemental applications is limited by the need to protect confidential business information. To avoid revealing such information, either directly or indirectly, the level of summary detail provided for future updates regarding GFI #213-related pending actions may change as this voluntary initiative progresses and the pool of affected applications gets smaller. Given the small number of pending changes and completed changes at this time, FDA cannot provide more information about the type of drug being affected (e.g., application type, species, indication, etc.) in this update without revealing protected information.)

* To date, 31 approvals for affected products have been withdrawn, and there are no drug approval withdrawals currently pending. After an approval is voluntarily withdrawn, those product(s) can no longer be marketed or sold in the U.S.

USDA reports record high soybean acreage, corn acres down

The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) estimated a record high 84.8 million acres of soybeans planted in the United States for 2014, up 11% from last year, according to the Acreage report released today. Corn acres planted is estimated at 91.6 million acres, down 4% from last year, representing the lowest planted acreage in the United States since 2010.

Following up to the Prospective Plantings report released in late spring, NASS surveyed approximately 11,000 segments of land and 71,000 producers during the first two weeks of June to gather information on what farmers actually planted. Key findings released in the Acreage report include:

Soybeans
•    Soybean area for harvest is estimated at a record high 84.1 million acres, if realized, up 7.4 million acres (11%) from 2013.
•    Record high planted acreage is estimated in Michigan, Minnesota, Nebraska, New York, North Dakota, Ohio, Pennsylvania, South Dakota and Wisconsin.
•    Ninety-four percent of all planted acres of soybeans in the United States are biotech varieties, up from 93% last year.

Corn
•    Despite the decrease in corn acreage, the 2014 corn planted area still represents the fifth largest corn acreage in the United States since 1944.
•    Growers expect to harvest 83.8 million acres of corn for grain, down 4% from last year.
•    Ninety-three percent of all corn acres planted in the United States are biotech varieties, up from 90% in 2013.

Grain Stocks

•    Soybeans stored totaled 405 million bushels, down 7%t from June 1, 2013. On-farm soybean stocks were down 36% from a year ago, while off-farm stocks were up 12%.
•    Corn stocks totaled 3.85 billion bushels, up 39% from the same time last year. On-farm corn stocks were up 48% from a year ago, and off-farm stocks were up 32%.
•    All wheat stored totaled 590 million bushels, down 18% from a year ago. On-farm all wheat stocks were down 19% from last year, while off-farm stocks were down 18%.
•    Durum wheat stored totaled 21.5 million bushels, down 7% from June 1, 2013. Both on-farm and off-farm stocks of Durum wheat were down from the previous year, 6% and 8%, respectively.

ARS sheep station marked for closure

Last week, U.S. Department of Agriculture Secretary Tom Vilsack announced to Congress that he would close the Agricultural Research Service's (ARS) U.S. Sheep Experimental Station (USSES) in Dubois, Ida., within the year.

The Post-Register of Idaho Falls, Ida., reported June 27 that Vilsack sent a letter to Rep. Robert Aderholt (R., Ala.) on June 17, saying that the station had become a liability. Aderholt is the chair of the appropriations subcommittee on agriculture, rural development, Food & Drug Administration and related agencies.

A prolonged period of declining and flat budgets has resulted in underfunded programs at (USSES), and the unit no longer has the critical mass of scientists necessary to address high priority research, Vilsack said in the letter.

Vilsack's letter said the station would close Nov. 3. Congress has 30 days to react to Vilsack's decision.

USSES was established in 1915 by President Woodrow Wilson and has been grazing sheep on this land for nearly 100 years.

American Sheep Industry Assn. (ASI) president Clint Krebs, in a letter to ARS administrator Chavonda Jacobs-Young, expressed his disappointment with the agency's decision to close USSES, as well as the processes by which the decision was made public.

"USSES has very unique datasets and capabilities that cannot be substituted elsewhere anytime soon including 90 years of pedigree data on major sheep breeds, three of which were developed at USSES; an ongoing 90-year history on vegetation in response to fire and grazing; and over 40 years of historical and ongoing data on the sage grouse with regards to fire in recovering sagebrush," Krebs said.

Western members of Congress, in a letter to Aderholt, have asked to stop the closure of USSES by disapproving ARS's request for reprogramming of funds from the sheep station. Reprogramming of funds would result in closure of the facility.

Signing the letter were Reps. Mike Simpson (Ida.), Doc Hastings (Wash.), Greg Walden (Ore.), Cathy McMorris Rodgers (Wash.), Steve Daines (Mont.) and Raul Labrador (Ida.).

"We were disappointed to learn that ARS has plans to close USSES in Dubois and frustrated that ARS did not notify Congress or the sheep industry until the decision had been made," Simpson said. "In our letter to Chairman Aderholt, we explain that closure of the Dubois Sheep Experiment Station would have a substantial impact on the western sheep industry and express our concern that people involved in the industry were not consulted before ARS made this decision."

"I was shocked to learn that USDA is attempting to close the Dubois Sheep Experiment Station without consulting western farmers and ranchers or having a plan to ensure the station's important research continues," Walden said. "No other station conducts research into the unique challenges that confront sheep producers in Oregon and across the west, like grazing techniques, diseases, or developing new breeds. That's why we are working hard with other western representatives to keep this station open so this innovative ag research can continue."

While USSES has been the target of litigation from many environmental and anti-grazing groups, ARS director of information Sandy Miller Hays said the proposed closing was not related to past or present litigation. She said ARS has been facing budget difficulties for years and some locations across the country have "gotten to the point where, from a financial standpoint, they're either marginally viable or they're just not sustainable."

She added that as of June 23, ARS had spent "more than $1.5 million ... on responding to the legal challenges (at USSES), but dealing with those legal actions was not the deciding factor in deciding to close the station."

If the station does close, 17 of 21 full-time employees will be offered reassignment, according to Vilsack's letter, and its $1.9 million budget for 2015 would be divided among other ARS programs in the Pacific Northwest.

The letter also noted that closing USSES would cost between $3.5 million and $5 million depending on how many employees relocated.

Ironically, in early May, ASI members met with USDA officials in Washington, D.C., and were told by ARS deputy administrator Steven Kappes that "Sheep research was dealt with kindly in appropriations this year, from additional funding to an assurance that no research facilities are targeted for closure in 2015," according to an ASI weekly newsletter.

The University of Idaho owns the 1,800 sheep at USSES, which are managed by ARS.

Poultry prices taking off

Global poultry prices are taking off in the second quarter, according to Rabobank's Poultry Quarterly Q2: Prices Taking Off report. This bullishness is driven by relative price support from high beef and pork prices alongside demand recovery, and a more balanced supply and demand situation in most regions of the world. This is expected to lead to an improvement in profitability for the global poultry industry.

"Under improved global market conditions, led by the North American region, a slight increase in global chicken prices is expected," commented Rabobank Analyst Nan-Dirk Mulder. "We see an increasingly balanced market, where supply discipline is more the order of the day and improving margins will be the likely result. However, markets remain volatile and any change in fundamentals, especially from the supply and feed side, will impact global prices. Suppliers should look to keep production growth disciplined."

Global feed prices are expected to decline in last half of 2014 based on current fundamentals and a good crop outlook for wheat and soybeans. Despite this positive outlook, the possible return of volatility in feed prices remains a threat to the poultry industries in all regions as stock levels remain low. Global grains and oilseeds prices have recently increased and old crop grain markets are currently tighter than expected. In addition, ongoing concerns about the situation in Ukraine and the potential threat of an El Nino event are creating some market volatility. Animal disease outbreaks also remain a concern.

Regional Updates

  • United States: 2014 is on pace to be even better than last year – one of the most profitable years in the last decade. The industry is primed to benefit from lower beef and pork production, a limited breeder flock, increasing exports due to the risk of another avian influenza (AI) outbreak in Mexico, and favorable feed costs.
  • European Union: Margins in the EU poultry industry are currently quite strong. Markets are reasonably well balanced, with a reduction in production in Q1-2014 compared to the same period in 2013 and relatively strong demand.
  • China: AI outbreaks decreased, coinciding with warmer weather in Q2-2014. The negative impact on consumption is fading and the market is now showing signs of recovery, with increasing poultry prices in both retail and live bird prices.
  • Brazil: Poultry meat prices are expected to hold firm in Q2-2014 as a consequence of the high prices of competing proteins as well as the increase in both domestic and international demand.
  • Other EMEA: The Russian poultry industry is still suffering from oversupply in the domestic market. Market conditions in the South African poultry industry have normalized after a long period of oversupply with rising imports.
  • Other South America: Production in Mexico has been unable to recover from its 2013 contraction and could experience further setbacks as a result of the return of AI. Domestic issues saw production in Argentina fall 4% YOY in Q1 2014.
  • Other Asia: The Japanese and Thai poultry industries remains bullish although the gradual restart of a major Thai broiler producer might impact future outlook. In contrast, India's poultry industry experienced one of the worst first quarters in the last five years.

Tyson Foods invests in the Ensuring the Future Campaign

 

The USPOULTRY Foundation is pleased to announce a $1,000,000 fund endowment from Tyson Foods to support student recruiting. The endowment is in support of the Ensuring the Future campaign, which was initiated to enhance the sustainability and prosperity of the poultry and egg industry through the U.S. Poultry & Egg Harold E. Ford Foundation. To date, more than $8.3 million has been pledged for the campaign.

“It’s no secret that the next generation will have the responsibility to feed 9 billion people by the year 2050,” said Noel White, president of poultry for Tyson Foods. “This campaign will empower young people to meet that challenge.”

The USPOULTRY Foundation serves all segments of the poultry and egg industry, investing millions of dollars for recruiting students and funding research. The USPOULTRY Foundation provides recruiting grants to colleges and universities to help attract students to their poultry programs or expose students in other majors to basic poultry courses. For 2013, recruiting grants totaling more than $183,000 were approved to six U.S. universities with poultry science departments and 14 other institutions with industry-related programs. The USPOULTRY Foundation College Student Career Program and the International College Student Career Program, held in conjunction with the International Production & Processing Expo, offers students the opportunity to network and interview for industry jobs and internships every year. The USPOULTRY Foundation also supports career development events on behalf of the poultry industry with 4-H and FFA and sponsors a collegiate poultry judging competition.

“The purpose of the Foundation is to attract bright young people to the poultry industry and fund important research,” said campaign co-chairman Elton Maddox, president and CEO of Wayne Farms. “Today, our Foundation is a primary industry funding source for those two critical needs. The Ensuring the Future campaign is a unique opportunity to invest today to ensure the continued success of the poultry and egg industry tomorrow.”

“Tyson is clearly a recognized leader in our industry, and we are so grateful for this leadership gift. The tremendous support from Tyson and other Foundation donors means that we can increase significantly our investment back into youth programs and vital research that help attract students into careers in the poultry and egg industry,” said John Starkey, president, US POULTRY Foundation.

U.S. Hog and Pigs inventory down 5%

U.S. Hog and Pigs inventory down 5%

 

As of June 1, there were 62.1 million hogs and pigs on U.S. farms, the lowest inventory since 2007, according to the Quarterly Hogs and Pigs report published today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS).

Looking closer at the breakdown of the total inventory, 56.3 million were market hogs, while 5.85 million were kept for breeding.

A total of 27.4 million pigs were weaned on U.S. farms between March and May 2014, down 5% from the same time period in 2013. In addition, an average of 9.78 pigs per litter were weaned.

While the national hogs and pigs inventory decreased since June 2013, growers in Texas, South Dakota and Michigan increased the number of hogs and pigs in their states.

Also, Iowa hog producers had the largest inventory among the states with 19.2 million head. Minnesota and North Carolina had the second and third largest inventories with 7.8 million and 7.7 million head respectively.

Moreover, U.S. hog producers intend to have 2.89 million sows farrow between June and August 2014, and 2.88 million sows farrow between September and November 2014.

The USDA estimates come in lower than market participants expected -especially for pigs under 50lb.  Market analysts are reporting the lower numbers are prompting talks of limit up for the hog market next week.

USDA Quarterly Hogs & Pigs

LMIC

Urner Barry

USDA

Estimates

 

2014 as % of 2013

2014 as% of 2013

2014 as% of 2013

All hogs and pigs Jun 1

98.5

97

95

Kept for breeding

101.8

101.6

100

Kept for marketing

98.2

96.6

95

       

Mar-May pig crop

99.9

97.7

95

Mar-May pigs per litter

98.0

95.2

95

Mar-May farrowings

101.9

102.5

100

Jun-Aug farrowings

102.2

102.1

100

Sep-Nov farrowing intentions

102.7

102.6

104

       

Hogs weighing under 50 lbs

100.4

98.1

94

Hogs weighing 50-119 lbs

97.2

96.3

94

Hogs weighing 120-179 lbs

96.7

95.3

96

Hogs weighing 180 and over

97.5

96.4

96

Source Livestock Marketing Information Center, Urner Barry survey of analysts results average and USDA NASS

Study identifies risky food safety practices in home kitchens

While most consumers are very aware of food safety issues, including salmonella and the risk of foodborne illness, many do not follow recommended food safety practices in preparing their own meals at home, according to new research from the University of California-Davis.

The study, which examined preparation of raw poultry, found that the most common risks stemmed from cross contamination and insufficient cooking.

"The most surprising aspect of these findings to me was the prevalence of undercooking," said Christine Bruhn, director of the Center for Consumer Research at UC-Davis, who authored the study. "We are now in summer, the peak season for foodborne illness, and these results come at a time when more consumers can benefit from being aware of better food safety practices. Even tips usually considered basic, like washing hands with soap and water before and after handling raw poultry and never rinsing raw poultry in the sink, still need to be emphasized for a safer experience."

Bruhn, a specialist with University of California Cooperative Extension who studies consumer attitudes and behaviors toward food safety, said most risks can be avoided by practicing thorough hand-washing, never rinsing raw chicken in the sink and using calibrated thermometers to determine that chicken is fully cooked.

Researchers say these results will help narrow areas of focus and define important messages for food safety educators and advocates in their mission to promote safe food preparation.

The study analyzed video footage taken of 120 participants preparing a self-selected chicken dish and salad in their home kitchens. The participants were experienced in chicken preparation, with 85% serving chicken dishes in their home weekly and 84% reporting being knowledgeable about food safety; 48% indicated they had received formal food safety training.

Cross contamination was of specific concern to researchers:

* Most participants, 65%, did not wash their hands before starting meal preparation and 38% did not wash their hands after touching raw chicken.

* Only 10% of participants washed their hands for the recommended duration of 20 seconds and about one-third of the washing occasions used water only, without soap.

* Nearly 50% of participants were observed washing their chicken in the sink prior to preparation, a practice that is not recommended as it leads to spreading bacteria over multiple surfaces in the kitchen.

Insufficient cooking was also observed:

* Forty percent of participants undercooked their chicken, regardless of preparation method and only 29% knew the correct U.S. Department of Agriculture recommended temperature of 165°F.

* Researchers observed that cooking thermometers were not widely used, with only 48% of participants owning one, and 69% of those reporting that they seldom use it to check if chicken is completely cooked. Most participants determined "fully cooked" based on appearance, an unreliable method according to USDA. No participants reported calibrating their thermometers to ensure accuracy.

Based on the study's findings, a coalition of agriculture and food safety partners, including the California Department of Food & Agriculture, UC-Davis, the California Poultry Federation, the Oregon Department of Agriculture, the Washington State Department of Agriculture, the Northwest Chicken Council, Partnership for Food Safety Education and Foster Farms, are launching an educational campaign to increase consumer knowledge about safe food preparation practices in the home. The study was funded by contributions from Foster Farms.

"We all have an important role in ensuring food safety and preventing foodborne illness," said Shelley Feist, executive director of the nonprofit Partnership for Food Safety Education. "Dr. Bruhn's research shows that some home food safety practices need to be reinforced with consumers. Proper hand-washing and the consistent use of thermometers are basic preventive actions that need to be part of all home food handling and preparation."

California agriculture officials and representatives have been vocal in recent weeks about salmonella control at the ranch level. "The California poultry industry has made great strides in reducing salmonella on raw chicken," said Karen Ross, secretary of the California Department of Food and Agriculture. "However, even at this lower level, consumers still need to practice safe handling and cooking of raw poultry."

"The poultry industry takes its responsibility to produce a safe product very seriously, as evidenced by current food safety programs that are drastically reducing the incidence of salmonella," said Bill Mattos, president of the California Poultry Federation. "At the same time, the research indicates that the consumer recognizes they also have a role in ensuring safety. This research provides a great opportunity to educate consumers with the most helpful information and tools to minimize risk and gives us a clear picture of what behaviors to focus on."

The study's complete findings will be published in the September/October issue of Food Protection Trends. Consumers can find free downloadable information on home food safety at http://www.fightbac.org.

Summer key piece to PEDV puzzle

Summer key piece to PEDV puzzle

Summer key piece to PEDV puzzle
AT the midyear mark, July will begin to reveal the true impact porcine epidemic diarrhea virus (PEDV) is having on U.S. pork production — a year after the virus was first detected in the U.S.

The reports of PEDV cases surged in February and March. Hogs born in those months will start coming to market in July. The soon-to-be-seen drop-off in slaughter totals due to PEDV losses could be 3-10%, depending on the analyst, Ryan Turner, risk management consultant for FCStone LLC, told the Dairy Outlook Conference.

He added that the U.S. Department of Agriculture estimated the weekly hog slaughter rate to fall to 1.8-1.9 million head, which is a 2-3% reduction, while Rabobank projected a weekly total of 1.5-1.6 million head, which is closer to a 10% reduction (Figure 1).

Therefore, starting in July, all market participants — from producers to traders — will be closely watching weekly slaughter totals, which should provide an important piece to the PEDV puzzle and drive the future direction of the hog market.

Pork producers, motivated by lower feed costs, are feeding market hogs to heavier carcass weights. The average carcass weight reported by USDA in May was 287 lb., 11 lb. heavier than a year ago.

"There are some in the industry that think heavier carcass weights alone will mute the impacts of PEDV as we go into July and August," Turner said.

However, the upcoming hot temperatures will make it difficult to increase gains on market hogs. However, Turner explained that hog producers should be able to maintain 7-8 lb. gains through the summer.

After newly set highs peaked in March, hog prices have since corrected. The anxiety over supply has resurfaced as hog market prices traded upward in the last couple of weeks.

Lean hog futures and pork cutout values are expected to rise in July and August before leveling off for the remainder of the year, Turner explained.

Still, Turner told Feedstuffs that it will be challenging to make hog market predictions in the upcoming months until the effect of PEDV losses to weekly slaughter is exposed. Watching the cash market will be key because it trades in real time every day.

Going forward, the length of time it takes for a drastic decline in production to occur will control the market's direction. For every week that passes without a substantial reduction in production, lean hog futures will start to erode. If production slips, though, then the cash market will climb to match the futures market, which already has figured in the anticipated losses, Turner explained.

Pork demand is holding its own despite the fact that PEDV's bearing on supplies is driving retail prices higher. Total year-to-date U.S. pork exports are pegged at 776,601 metric tons with a value of $2.25 billion. Each month, the U.S. exports an average of 20-25% of its total pork production.

USDA reported reduced cold storage for all pork, except bellies. In particular, ham stocks are at all-time lows. With the spike in ham prices due to demand from Mexico and Russia, the market is nervous about ham supplies.

Overall, hog producers should be seeing black ink. Iowa State University estimated farrow-to-finish returns at a profit of $74.13 per head in May (Figure 2). Although the May profit margin was lower than the previous two months, it was still well above prices at the start of 2014.

Furthermore, for those lucky hog operations that have not had to endure PEDV, profit margins in the second and third quarters are anticipated to be north of $70 per head, which is record-breaking. However, the fourth-quarter profit margin is expected to drop to $40 per head and keep going lower into 2015 to $20 per head, according to Purdue University economist Chris Hurt.

He added that as hog operations continue to expand breeding herds and the impact of PEDV lessens, hog prices should level off by late 2015 and early 2016.

Volume:86 Issue:26

Poultry producers cashing in?

Poultry producers cashing in?

Poultry producers cashing in?
IN general, the poultry industry, like other protein species, is benefitting from lower feed costs and higher prices. Still, industry expansion for 2014 is not advancing as quickly as most market analysts had anticipated.

In April, corn costs were 23.8%, or $64.31 per ton, lower than in April 2013, while soybean meal prices were 18.6%, or $83.28 per ton, higher than last year, according to Iowa State University business analyst Maro Ibarburu and University of California poultry specialist Don Bell.

Relief appears to be on the way as planting intention reports revealed that U.S. farmers plan to plant 5 million more acres of soybeans than last growing season, totaling 81.5 million acres.

According to economist Dr. Paul Aho of Poultry Perspectives, soybean meal buyers should expect a difference of $100 per ton between the 2013-14 and 2014-15 crops. Aho forecasted soybean meal to cost $470 per ton this year, in comparison to $370 last year.

Ryan Turner, risk management consultant for FCStone LLC, told the Dairy Outlook Conference that chicken has a competitive price point advantage to beef and pork on the retail level. The spread between pork and beef has widened as the year has progressed (Figure).

"The absolute cheapest, most efficient feed converter and readily available protein source in the world is chicken," Turner said.

By and large, chicken prices have improved over the past couple of years, rising 60-62% since 2010. The seasonal increase in chicken prices for this year is just starting.

U.S. chicken production, in general, is constrained by a reduced breeder flock, and until recently, the breeding flock was older than normal, Aho explained.

At the halfway point of the year, the broiler industry has yet to make the expansion move analysts had expected, even with good domestic prices, lower feed costs and higher beef and pork prices.

Interestingly, the number of broiler chicks placed for growout is equivalent to 2013. Due to the slow pace, the U.S. Department of Agriculture put its 2014 production forecast at 38.233 billion lb., up 1% from 2013; at the start of 2014, USDA's production forecast was a more optimistic 3% bump from 2013. Analysts anticipate an increase in production for the last half of 2014.

Looking ahead into the summer, a period of high profitability is in store for chicken producers, Aho said. Moreover, if beef and pork prices continue climbing, the chicken industry should enjoy healthy returns for 2014.

 

Egg market

As with broiler production, the cost of production for laying hens is below last year. The simple average of five U.S. regions for the first four months of 2014 was 73.01 cents/doz., according to data Ibarburu and Bell compiled for an Egg Industry Center report.

The U.S. flock size in April was about 293.9 million head and was projected to reach 300.7 million head by the end of 2014. A slight increase is forecasted in 2015, at 302.3 million head.

Egg prices have been generally steady for producers over the past three months. The higher prices come at a good time as producers are incurring more costs to comply with California's new regulations for egg laying hens, which become effective in January 2015.

The U.S. producer price for unprocessed eggs in April 2014 was $1.13/doz. (Table). Ibarburu and Bell estimate prices to rise starting in late August until they reach $1.464/doz. in December. Next year, the price should taper off, with a projection of $1.30/doz. for January.

The strong prices are supported by healthy domestic and global demand. USDA projected annual consumption to increase by 3.6 eggs per person, which is the highest yearly increase in the last 15 years, the Egg Industry Center report states.

Although egg exports were down in April, USDA estimated that 256.0 million doz. will be shipped internationally in 2014, up 4.7 million from last year, and 257.1 million doz. will be shipped in 2015.

 

Projected U.S. producer prices for unprocessed eggs (12 months), all sizes

2014

Price, $/doz.

April*

1.131

May

0.881

June

0.899

July

0.973

Aug.

1.079

Sept.

1.087

Oct.

1.090

Nov.

1.400

Dec.

1.464

2015

Jan.

1.300

Feb.

1.177

March

1.331

*Actual price.

Source: Egg Industry Center.

 

Volume:86 Issue:26

Livestock & poultry cash market comparisons, 6/30/14

Livestock & poultry cash market comparisons, 6/30/14

Livestock and meat ($)

June 25

June 18

6 months ago

Year ago

Steers, Choice, carcass, 550-700 lb., cwt., Omaha

244.52

239.54

N/A

196.51

Steers, Choice, 1,050-1,200 lb., cwt. Okla/Texas

150.00

147.00

130.00

N/A

Feeder Steers, 600-700 lb., cwt., Oklahoma City

228.50A

219.25A

N/A

146.12A

Lean Hogs, Carcass, Iowa-Minn. 167-187 lb.(1)

118.79

114.54

78.32

98.19

Feeder Pigs, 40 lb. National Direct Delivered(2)

115.27

112.23

90.12

49.00

SEW Pigs, 10 lb., National direct delivered (per head)

76.75

74.18

83.65

29.11

Choice Beef, cutout, cwt.

245.01

240.46

196.93

197.38

Pork Loin, 185 lb. 51-52% lean, cutout, cwt.(3)

132.39

129.81

90.71

120.13

Hog Corn Ratio

28.74

26.58

18.3

14.2

Steer Corn Ratio

31.16

30.22

31.1

17.2

Poultry and eggs (cents)

 

 

 

 

Chickens, Grade A, Fresh lb. Chicago

107.46a

105.96a

90.90a

101.85a

Hen Turkeys, Grade A, Frozen, lb., Chicago

107.00Aa

107.00Aa

103.50Aa

98.50Aa

Young Tom Turkeys, Grade A. Frozen lb. Chicago

107.00Aa

107.00Aa

98.50Aa

96.50Aa

Eggs, Grade A, Large, doz., Chicago

101.50

109.50

152.50

92.50

N/A: not available

A: average

 

 

 

(1) Replaces live hogs; live hogs are 0.755 of quote.
(2) Replaces Sioux Falls, 50-60 lbs. (2/26/07)
(3) National FOB plant, replaces national daily carlot.
Livestock, meat, poultry and egg prices from USDA.

 

Volume:86 Issue:26