Market news, vol. 48, no. 43 (2014 October 24)

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

24 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. 43

20 OCTOBER 2014 MONDAY
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. 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 $1.1283 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 a little heavy. Estimated slaughter today is 4,543,100 head. This compares with 4,736,800 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 $2.2250 (based on 1,970,000 lbs.); skinless boneless breasts $2.17 (based on 8,115,000 lbs.); whole breasts $1.29 (based on 1,758,000 lbs.); boneless skinless thigh meat $1.4050 (based on 1,729,000 lbs.); thighs 74.50 (based on 1,327,000 lbs.); drumsticks 63.50 (based on 1,865,000 lbs.); leg quarters 52.50 (based on 9,079,000 lbs.); and wings $1.5850 (based on 3,746,000 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.

21 OCTOBER 2014 TUESDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.14. The final weighted average was $1.1283 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 demand. Average weights are desirable to a little heavy with a mostly steady to higher to occasionally lower and firm price trend. Estimated slaughter today is 4,747,600 head. This compares with 4,766,700 head last Tuesday.
The f.o.b. dock confirmed final weighted average prices on parts were: line run tenders $2.2250 skinless boneless breasts $2.17 whole breasts $1.29; boneless skinless thigh meat $1.4050; thighs 74.50; drumsticks 63.50; leg quarters 52.50; and wings $1.5850. Cooler inventories and supplies on all parts are balanced to occasionally light and heavy with a mostly balanced to good, occasionally light demand. Price trend on all parts is mostly higher to lower, occasionally firm, weak and steady.

22 OCTOBER 2014 WEDNESDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for next week's trading remains unchanged at $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 normal to good demand. Average weights are desirable to a little heavy. Estimated slaughter today is 4,731,100 head. This compares with 4,786,200 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 $2.1350; skinless boneless breasts $2.0450; whole breasts $1.2450; boneless skinless thigh meat $1.4550; thighs 69.50; drumsticks 56.00; 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, skinless boneless breasts, and leg quarters which is good to normal, mostly good, occasionally light.
Note: On October 23, 2013, the Georgia f.o.b. dock quoted price on broilers and fryers was $1.05.
23 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 $1.1302 f.o.b. dock or equivalent. The market is firm to steady to occasionally weak and the live supply is adequate to short for normal to good demand. Average weights are desirable to a little heavy. Estimated slaughter today is 4,732,400 head. This compares with 4,736,100 head last Thursday.
24 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. 85% (representing 858 loads) of the loads offered have been confirmed within a range of $1.04 to $1.19 with a preliminary weighted average of $1.1300 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 normal to good demand. Average weights are desirable to a little heavy. Estimated slaughter today and Saturday is 5,357,800 head. (Numerous plants are operating tomorrow.) This compares with 4,490,700 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 $2.09 (based on 1,691,000 lbs.); skinless boneless breasts $2.0050 (based on 6,614,000 lbs.); whole breasts $1.22 (based on 1,210,000 lbs.); boneless skinless thigh meat $1.4850 (based on 1,604,000 lbs.); thighs 69.00 (based on 1,218,000 lbs.); drumsticks 54.50 (based on 1,765,000 lbs.); leg quarters 52.00 (based on 7,909,000 lbs.); and wings $1.6550 (based on 3,460,000 lbs.). Demand on whole breasts, thighs, drumsticks, and wings is good to normal, mostly good; and demand on line run tenders, skinless boneless breasts, boneless skinless thigh meat and leg quarters is good to normal, mostly good, occasionally light.
Estimated hen slaughter for the week ending today is 249,664 head. Estimated hen slaughter for the corresponding week a year ago was 171,001 head.
Estimated total slaughter for the week ending today and Saturday for broilers and fryers is 24,112,000 head. This compares with 23,040,900 head of broilers and fryers for the corresponding week a year ago.