Market news, vol. 48, no. 21 (2014 May 23)

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

23 MAY 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. 21

19 MAY 2014 MONDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.0875 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 100% (representing 1,003 loads) of the loads offered have been confirmed within a range of 91.65 to $1.1600 with a final weighted average of $1.0982 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 light. Estimated slaughter for today is 4,728,100 head. This compares with 4,759,300 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 $2.3350 (based on 1,932,000 lbs.); skinless boneless breasts $2.1150 (based on 7,997,000 lbs.); whole breasts $1.2150 (based on 1,807,000 lbs.); boneless skinless thigh meat $1.3850 (based on 1,849,000 lbs.); thighs 76.00 (based on 1,327,000 lbs.); drumsticks 67.50 (based on 2,020,000 lbs.); leg quarters 55.00 (based on 9,324,000 lbs.); and wings $1.32 (based on 3,845,000 lbs.). Demand on line run tenders and skinless boneless breasts is good to normal, mostly good, occasionally very good; demand on whole breasts is good to very good, mostly good, occasionally normal; demand on boneless skinless thigh meat, thighs, drumsticks and leg quarters is good to normal, mostly good; and demand wings is normal to good, mostly normal, occasionally light.
20 MAY 2014 TUESDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.0875. The final weighted average was $1.0982 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 to higher and firm, occasionally lower, price trend. Estimated slaughter today is 4,745,700 head. This compares with 4,689,500 head last Tuesday.
The f.o.b. dock confirmed final weighted average prices on parts were: line run tenders $2.3350; skinless boneless breasts $2.1150 whole breasts $1.2150; boneless skinless thigh meat $1.3850; thighs 76.00; drumsticks 67.50; leg quarters 55.00; and wings $1.32. Cooler inventories and supplies on all parts are balanced to light with a mostly good to balanced, occasionally light demand. Price trend on all parts is mostly lower to higher, occasionally weak and steady.

21 MAY 2014 WEDNESDAY The Georgia f.o.b. dock quoted price on broilers and fryers for next week's trading advanced .25 to $1.09 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 very good to normal demand. Average weights are desirable to light. Estimated slaughter today is 4,499,700 head. This compares with 4,728,600 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 $2.4050; skinless boneless breasts $2.14; whole breasts $1.27; boneless skinless thigh meat $1.4550; thighs 74.00; drumsticks 68.00; leg quarters 55.00 and wings $1.31 Demand on line run tenders is good to very good, mostly good, occasionally normal; demand on skinless boneless breasts is very good to good, mostly very good, occasionally normal; demand on whole breasts, thighs, drumsticks and leg quarters is good to normal, mostly good; demand on boneless skinless thigh meat is good; and demand on wings is good to normal, mostly good, occasionally light.
Note: On May 22, 2013, the Georgia f.o.b. dock quoted price on broilers and fryers was $1.0475.
22 MAY 2014 THURSDAY The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.09 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 72% (representing 722 loads) of the loads offered have been confirmed within a price range of $1.0185 to $1.1284 with a preliminary weighted average of $1.0899 f.o.b. dock or equivalent. The market is firm to steady, and the live supply is adequate to short for a very good to normal and good demand. Average weights are desirable to a little light. Estimated slaughter today is 4,702,500 head. This compares with 4,764,300 head last Thursday.
23 MAY 2014 FRIDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.09 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 80% (representing 814 loads) of the loads offered have been confirmed within a range of $1.0185 to $1.1276 with a preliminary weighted average of $1.0902 f.o.b. dock or equivalent. The market is firm to steady, and the live supply is adequate to short for a very good to normal and good demand. Average weights are desirable to light. Estimated slaughter today is 4,481,700 head. This compares with 4,521,500 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 $2.3850 (based on 1,672,000 lbs.); skinless boneless breasts $2.17 (based on 6,833,000 lbs.); whole breasts $1.30 (based on 1,174,000 lbs.); boneless skinless thigh meat $1.4450 (based on 1,405,000 lbs.); thighs 76.50 (based on 1,218,000 lbs.); drumsticks 67.00 (based on 1,864,000 lbs.); leg quarters 55.00 (based on 7,909,000 lbs.); and wings $1.3250 (based on 3,541,000 lbs.). Demand on most parts is good to normal, mostly good; with the exceptions of line run tenders and skinless boneless breasts which is good to very good, mostly good, occasionally normal; and boneless skinless thigh meat which is good.
Estimated hen slaughter for the week ending today is 213,976 head.
Estimated total slaughter for the week ending today for broilers and fryers is 23,157,700 head. This compares with 25,947,400 head of broilers and fryers for the corresponding week a year ago.
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