Market news, vol. 48, no. 41 (2014 October 10)

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

10 OCTOBER 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. 41

6 OCTOBER 2014 MONDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.1375 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 100% (representing 1,021 loads) of the loads offered have been confirmed within a range of $1.0165 to $1.19 with a final weighted average of $1.1276 f.o.b. dock or equivalent. The market is firm to steady to occasionally weak and the live supply is adequate to short for a good to normal demand. Average weights are desirable. Estimated slaughter today is 4,734,200 head. This compares with 4,725,200 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 $2.1950 (based on 2,021,000 lbs.); skinless boneless breasts $2.2150 (based on 8,111,000 lbs.); whole breasts $1.29 (based on 1,794,000 lbs.); boneless skinless thigh meat $1.44 (based on 1,989,000 lbs.); thighs 76.00 (based on 1,327,000 lbs.); drumsticks 65.50 (based on 1,637,000 lbs.); leg quarters 52.50 (based on 9,079,000 lbs.); and wings $1.5750 (based on 3,703,000 lbs.). Demand most parts is good to normal, mostly good; with the exception of line run tenders which is good to normal, mostly good, occasionally light.
7 OCTOBER 2014 TUESDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.1375. The final weighted average was $1.1276 f.o.b. dock or equivalent. The market tone for next week's trading is firm to steady to occasionally weak and the live supply is adequate to short for a good to normal to occasionally light demand. Average weights are desirable with a mostly steady to weak to occasionally firm and higher price trend. Estimated slaughter today is 4,747,000 head. This compares with 4,750,300 head last Tuesday.
The f.o.b. dock confirmed final weighted average prices on parts were: line run tenders $2.1950 skinless boneless breasts $2.2150 whole breasts $1.29; boneless skinless thigh meat $1.44; thighs 76.00; drumsticks 65.50; leg quarters 52.50; and wings $1.5750. Cooler inventories and supplies on all parts are balanced to occasionally heavy with a mostly good to balanced, occasionally light demand. Price trend on all parts is mostly higher and lower, occasionally steady and weak.

8 OCTOBER 2014 WEDNESDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for next week's trading remains unchanged at $1.1375 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. The market is firm to steady to occasionally weak and the live supply is adequate to short for a good to normal to occasionally light demand. Average weights are desirable. Estimated slaughter today is 4,765,900 head. This compares with 4,707,900 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 $2.24; skinless boneless breasts $2.16; whole breasts $1.27; boneless skinless thigh meat $1.4150; thighs 71.50; drumsticks 57.00; leg quarters 52.00 and wings $1.65 Demand on most parts is good to normal, mostly good; with the exceptions of line run tenders and boneless skinless breasts which is good to normal, mostly good, occasionally light; and whole breasts which is good to light, mostly good, occasionally normal.
Note: On October 9, 2013, the Georgia f.o.b. dock quoted price on broilers and fryers was $1.0550.
9 OCTOBER 2014 THURSDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.1375 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 76% (representing 774 loads) of the loads offered have been confirmed within a price range of $1.04 to $1.19 with a preliminary weighted average of $1.13 f.o.b. dock or equivalent. The market is firm to steady to occasionally weak and the live supply is adequate to short for good to normal to occasionally light demand. Average weights are desirable to occasionally slightly heavy. Estimated slaughter today is 4,729,400 head. This compares with 4,710,100 head last Thursday.
10 OCTOBER 2014 FRIDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.1375 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 85% (representing 873 loads) of the loads offered have been confirmed within a range of $1.04 to $1.19 with a preliminary weighted average of $1.13 f.o.b. dock or equivalent. The market is firm to steady to occasionally weak, and the live supply is adequate to short for a good to normal to occasionally light demand. Average weights are desirable to occasionally slightly heavy. Estimated slaughter today and Saturday is 4,791,400 head. This compares with 4,729,300 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 $2.2450 (based on 1,594,000 lbs.); skinless boneless breasts $2.20 (based on 6,666,000 lbs.); whole breasts $1.30 (based on 1,138,000 lbs.); boneless skinless thigh meat $1.44 (based on 1,580,000 lbs.); thighs 76.50 (based on 1,218,000 lbs.); drumsticks 62.50 (based on 1,535,000 lbs.); leg quarters 52.50 (based on 7,909,000 lbs.); and wings $1.6250 (based on 3,472,000 lbs.). Demand on most parts is good to normal, mostly good; with the exceptions of line run tenders, skinless boneless breasts and leg quarters which is good to normal, mostly good, occasionally light; and drumsticks which is normal to good.
Estimated hen slaughter for the week ending today is 221,249 head. Estimated hen slaughter for the corresponding week a year ago was 254,307 head.
Estimated total slaughter for the week ending today and Saturday for broilers and fryers is 23,767,900 head. This compares with 23,482,600 head of broilers and fryers for the corresponding week a year ago.