Market news, vol. 48, no. 28 (2014 July 11)

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

11 JULY 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. 28

7 JULY 2014 MONDAY The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.1225 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 100% (representing 1,015 loads) of the loads offered have been confirmed within a range of $1.04 to $1.19 with a final weighted average of $1.1197 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. Estimated slaughter for today is 4,618,900 head. This compares with 4,821,800 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 $2.45 (based on 1,926,000 lbs.); skinless boneless breasts $2.21 (based on 8,002,000 lbs.); whole breasts $1.30 (based on 1,682,000 lbs.); boneless skinless thigh meat $1.57 (based on 1,211,000 lbs.); thighs 76.00 (based on 1,327,000 lbs.); drumsticks 68.00 (based on 1,878,000 lbs.); leg quarters 55.50 (based on 9,149,000 lbs.); and wings $1.35 (based on 3,715,000 lbs.). Demand on all parts is good to normal, mostly good.

8 JULY 2014 TUESDAY The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.1225. The final weighted average was $1.1197 f.o.b. dock or equivalent. The market tone for next week's trading is steady to firm and the live supply is adequate for a good to normal demand. Average weights are desirable with a mostly weak to steady and firm, occasionally higher, price trend. Estimated slaughter today is 4,708,900 head. This compares with 4,753,300 head last Tuesday.
The f.o.b. dock confirmed final weighted average prices on parts were: line run tenders $2.45; skinless boneless breasts $2.21 whole breasts $1.30; boneless skinless thigh meat $1.57; thighs 76.00; drumsticks 68.00; leg quarters 55.50; and wings $1.35. Cooler inventories and supplies on all parts are balanced to occasionally light with a mostly balanced to good demand. Price trend on all parts is mostly lower to higher, firm and steady.

9 JULY 2014 WEDNESDAY The Georgia f.o.b. dock quoted price on broilers and fryers for next week's trading advanced .25 to $1.1250 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 for a good to normal demand. Average weights are desirable. Estimated slaughter today is 4,780,200 head. This compares with 4,764,100 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 $2.4650; skinless boneless breasts $2.2450; whole breasts $1.2950; boneless skinless thigh meat $1.57; thighs 76.00; drumsticks 68.00; leg quarters 55.50 and wings $1.35. Demand on all parts is good to normal, mostly good.
Note: On July 10, 2013, the Georgia f.o.b. dock quoted price on broilers and fryers was $1.0650.
10 JULY 2014 THURSDAY The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.1250 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 75% (representing 765 loads) of the loads offered have been confirmed within a price range of $1.04 to $1.19 with a preliminary weighted average of $1.1187 f.o.b. dock or equivalent. The market is firm to steady, and the live supply is adequate for a good to normal demand. Average weights are desirable. Estimated slaughter today is 4,752,400 head. This compares with 4,773,000 head last Thursday.
11 JULY 2014 FRIDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.1250 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 83% (representing 847 loads) of the loads offered have been confirmed within a range of $1.04 to $1.19 with a preliminary weighted average of $1.1186 f.o.b. dock or equivalent. The market is firm to steady, and the live supply is adequate to a little short for a good to normal demand. Average weights are desirable. Estimated slaughter today is 4,536,300 head. This compares with 3,121,300 head last Friday and Saturday.
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 $2.4050 (based on 1,685,000 lbs.); skinless boneless breasts $2.23 (based on 6,721,000 lbs.); whole breasts $1.30 (based on 1,210,000 lbs.); boneless skinless thigh meat $1.4650 (based on 1,466,000 lbs.); thighs 77.50 (based on 1,218,000 lbs.); drumsticks 69.00 (based on 1,657,000 lbs.); leg quarters 55.50 (based on 7,909,000 lbs.); and wings $1.3550 (based on 3,461,000 lbs.). Demand on most parts is good to normal, mostly good; with the exception of boneless skinless thigh meat which is good.
Estimated hen slaughter for the week ending today is 322,662 head. Estimated hen slaughter for the corresponding week a year ago was 197,258 head.
Estimated total slaughter for the week ending today for broilers and fryers is 23,396,700 head. This compares with 23,589,700 head of broilers and fryers for the corresponding week a year ago.
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