Market news, vol. 48, no. 17 (2014 April 25)

Market News Poultry Division Georgia Department of Agriculture 128 Agriculture Building Capitol Square Atlanta, Georgia, U.S.A. 30334-4200
Gary W. Black, Commissioner

Market News Poultry Division Published Weekly

25 APRIL 2014

Georgia f.o.b. Dock Tel: 404-656-3656 Recorded Message Tel: 404-656-3709 Internet Address: www.agr.georgia.gov
To subscribe or info - email: arty.schronce@agr.georgia.gov
Vol. XLVIII No. 17

21 APRIL 2014 MONDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.0750 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 100% (representing 999 loads) of the loads offered have been confirmed within a range of 91.65 to $1.1400 with a final weighted average of $1.0797 f.o.b. dock or equivalent. The market is steady to firm and the live supply is adequate to short for good to normal demand. Average weights are desirable to a little light. Estimated slaughter today is 4,713,200 head. This compares with 4,708,400 head last Monday.
The f.o.b. dock confirmed final weighted average prices on ice pack parts based on truck load and pool truck load lots for this week's trading are: line run tenders $2.2650 (based on 1,753,000 lbs.); skinless boneless breasts $2.10 (based on 7,513,000 lbs.); whole breasts $1.16 (based on 1,798,000 lbs.); boneless skinless thigh meat $1.40 (based on 1,256,000 lbs.); thighs 75.50 (based on 1,327,000 lbs.); drumsticks 71.00 (based on 1,347,000 lbs.); leg quarters 55.00 (based on 9,349,000 lbs.); and wings $1.3650 (based on 3,483,000 lbs.). Demand on line run tenders is good to very good, occasionally normal; demand on skinless boneless breasts is good to normal, mostly good, occasionally very good; demand on whole breasts, thighs, drumsticks, and leg quarters is good to normal, mostly good; demand on boneless skinless thigh meat is good to very good, mostly good; and demand wings is good to normal, mostly good, occasionally light.
22 APRIL 2014 TUESDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.0750. The final weighted average was $1.0797 f.o.b. dock or equivalent. The market tone for next week's trading is firm to steady and the live supply is adequate to short for a good to normal demand. Average weights are desirable to a little light with a mostly steady price trend. Estimated slaughter today is 4,704,400 head. This compares with 4,469,400 head last Tuesday.
The f.o.b. dock confirmed final weighted average prices on parts were: line run tenders $2.2650; skinless boneless breasts $2.10 whole breasts $1.16; boneless skinless thigh meat $1.40; thighs 75.50; drumsticks 71.00; leg quarters 55.00; and wings $1.3650. Cooler inventories and supplies on all parts are balanced to occasionally light and heavy with a mostly good to balanced, occasionally very good to light, demand. Price trend on all parts is mostly lower to higher, occasionally steady and weak.

23 APRIL 2014 WEDNESDAY The Georgia f.o.b. dock quoted price on broilers and fryers for next week's trading advanced .50 to $1.08 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. The market is firm to steady, and the live supply is adequate to short for a good to normal demand. Average weights are desirable to light. Estimated slaughter today is 4,711,800 head. This compares with 4,765,800 head last Wednesday.
The f.o.b. dock quoted prices on ice pack parts based on truck load and pool truck load lots for next week's trading are: line run tenders $2.3050; skinless boneless breasts $2.0450; whole breasts $1.13; boneless skinless thigh meat $1.4750; thighs 71.00; drumsticks 65.00; leg quarters 54.00 and wings $1.36. Demand on line run tenders is good to very good, mostly good, occasionally normal; demand on skinless boneless breasts is good to normal, mostly good, occasionally very good; demand on whole breasts, thighs, drumsticks and leg quarters is good to normal, mostly good; demand on boneless skinless thigh meat is good to very good, mostly good; and demand on wings is good to normal, occasionally light.
Note: On April 24, 2013, the Georgia f.o.b. dock quoted price on broilers and fryers was $1.03.
24 APRIL 2014 THURSDAY The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.08 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 72% (representing 719 loads) of the loads offered have been confirmed within a price range of $1.07 to $1.11 with a preliminary weighted average of $1.0791 f.o.b. dock or equivalent. The market is firm to steady, and the live supply is adequate to short for a good to normal demand. Average weights are desirable to a little light. Estimated slaughter today is 4,746,900 head. This compares with 4,784,300 head last Thursday.
25 APRIL 2014 FRIDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.08 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 81% (representing 811 loads) of the loads offered have been confirmed within a range of $1.07 to $1.11 with a preliminary weighted average of $1.0800 f.o.b. dock or equivalent. The market is firm to steady, and the live supply is adequate to short for a good to normal demand. Average weights are desirable to a little light. Estimated slaughter today is 4,624,000 head. This compares with 4,489,300 head last Friday.
The f.o.b. dock confirmed preliminary weighted average prices on ice pack parts based on truck load and pool truck load lots for this week's trading are: line run tenders $2.31 (based on 1,438,000 lbs.); skinless boneless breasts $2.13 (based on 6,150,000 lbs.); whole breasts $1.1850 (based on 1,138,000 lbs.); boneless skinless thigh meat $1.47 (based on 1,045,000 lbs.); thighs 76.00 (based on 1,218,000 lbs.); drumsticks 75.00 (based on 1,079,000 lbs.); leg quarters 54.50 (based on 7,909,000 lbs.); and wings $1.36 (based on 3,211,000 lbs.). Demand on line run tenders is good to very good, occasionally normal; demand on skinless boneless breasts is good to normal, mostly good, occasionally very good; demand on whole breasts is mostly good, occasionally normal; demand on boneless skinless thigh meat and thighs is mostly good, occasionally normal; demand on drumsticks is good to normal; demand on leg quarters is good to normal, mostly good; and demand on wings is normal to good, mostly normal.
Estimated hen slaughter for the week ending today is 234,678 head. Estimated hen slaughter for the corresponding week a year ago was 257,745 head.
Estimated total slaughter for the week ending today for broilers and fryers is 23,500,300 head. This compares with 19,466,800 head of broilers and fryers for the corresponding week a year ago.
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