Market news, vol. 48, no. 42 (2014 October 17)

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

17 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. 42

13 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 1,023 loads) of the loads offered have been confirmed within a range of $1.04 to $1.19 with a final weighted average of $1.1279 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 to occasionally slightly heavy. Estimated slaughter today is 4,736,800 head. This compares with 4,734,200 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 $2.23 (based on 1,908,000 lbs.); skinless boneless breasts $2.19 (based on 8,063,000 lbs.); whole breasts $1.29 (based on 1,722,000 lbs.); boneless skinless thigh meat $1.43 (based on 1,756,000 lbs.); thighs 75.00 (based on 1,327,000 lbs.); drumsticks 65.00 (based on 1,853,000 lbs.); leg quarters 52.50 (based on 9,079,000 lbs.); and wings $1.5850 (based on 3,744,000 lbs.). Demand 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.

14 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 $1.1279 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 4,766,700 head. This compares with 4,747,000 head last Tuesday.
The f.o.b. dock confirmed final weighted average prices on parts were: line run tenders $2.23 skinless boneless breasts $2.19 whole breasts $1.29; boneless skinless thigh meat $1.43; thighs 75.00; drumsticks 65.00; leg quarters 52.50; and wings $1.5850. Cooler inventories and supplies on all parts are balanced to light, occasionally heavy with a mostly good to balanced, occasionally light demand. Price trend on all parts is mostly higher and lower, occasionally weak and steady.

15 OCTOBER 2014 WEDNESDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for next week's trading advanced .25 to $1.14 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 to a little heavy. Estimated slaughter today is 4,786,200 head. This compares with 4,765,900 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 $2.1950; skinless boneless breasts $2.1050; whole breasts $1.2550; boneless skinless thigh meat $1.4450; thighs 69.50; drumsticks 56.50; leg quarters 52.00 and wings $1.6150 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.
Note: On October 16, 2013, the Georgia f.o.b. dock quoted price on broilers and fryers was $1.0525.
16 OCTOBER 2014 THURSDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.14 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 75% (representing 766 loads) of the loads offered have been confirmed within a price range of $1.04 to $1.19 with a preliminary weighted average of $1.1304 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 a little heavy. Estimated slaughter today is 4,736,100 head. This compares with 4,729,400 head last Thursday.
17 OCTOBER 2014 FRIDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.14 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 83% (representing 848 loads) of the loads offered have been confirmed within a range of $1.04 to $1.19 with a preliminary weighted average of $1.1302 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 a little heavy. Estimated slaughter today and Saturday is 4,490,700 head. This compares with 4,791,400 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 $2.22 (based on 1,656,000 lbs.); skinless boneless breasts $2.1650 (based on 6,718,000 lbs.); whole breasts $1.29 (based on 1,174,000 lbs.); boneless skinless thigh meat $1.41 (based on 1,553,000 lbs.); thighs 74.50 (based on 1,218,000 lbs.); drumsticks 62.50 (based on 1,547,000 lbs.); leg quarters 52.50 (based on 7,909,000 lbs.); and wings $1.5850 (based on 3,474,000 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 good to normal.
Estimated hen slaughter for the week ending today is 218,470 head. Estimated hen slaughter for the corresponding week a year ago was 234,307 head.
Estimated total slaughter for the week ending today and Saturday for broilers and fryers is 23,516,500 head. This compares with 23,288,300 head of broilers and fryers for the corresponding week a year ago.