Market news [Vol. 50, no. 2 (Jan. 8, 2016)]

Market News Poultry Division Georgia Department of Agriculture 128 Agriculture Building Capitol Square Atlanta, Georgia, U.S.A. 30334-4200
Gary W. Black, Commissioner

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

Market News Poultry Division Published Weekly

8 JANUARY 2016

Vol. L No. 2

4 JANUARY 2016 MONDAY

The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.13 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 100% (representing 1,006 loads) of the loads offered have been confirmed within a range of 82.00 to $1.1848 with a final weighted average of $1.1244 f.o.b. dock or equivalent. The market is steady to firm to occasionally weak, and the live supply is short to adequate for a good to normal demand. Average weights are desirable to occasionally slightly heavy. Estimated slaughter today is 4,693,400 head. This compares with 4,683,600 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 $1.5850 (based on 1,925,000 lbs.); skinless boneless breasts $1.6450 (based on 9,168,000 lbs.); whole breasts $1.03 (based on 1,344,000 lbs.); boneless skinless thigh meat $1.2050 (based on 2,485,000 lbs.); thighs 62.50 (based on 1,173,000 lbs.); drumsticks 45.00 (based on 1,834,000 lbs.); leg quarters 35.50 (based on 8,887,000 lbs.); and wings $1.50 (based on 3,923,000 lbs.). Demand on line run tenders, whole breasts and wings is good to normal, mostly good,; demand on skinless boneless breasts and drumsticks is good to normal, mostly good, occasionally light; demand on boneless skinless thigh meat is mostly normal, occasionally good to light; demand on thighs is mostly good, occasionally light to normal; and demand on leg quarters is mostly good, occasionally normal to light.

5 JANUARY 2016 TUESDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.13. The final weighted average was $1.1244 f.o.b. dock or equivalent. The market tone for next week's trading is steady to occasionally weak and the live supply is adequate to occasionally short for a normal to good demand. Average weights are desirable with a higher to steady, occasionally firm to lower price trend. Estimated slaughter today is 4,664,100 head. This compares with 4,726,800 head last Tuesday.
The f.o.b. dock confirmed final weighted average prices on parts were: line run tenders $1.5850; skinless boneless breasts $1.6450; whole breasts $1.03; boneless skinless thigh meat $1.2050; thighs 62.50; drumsticks 45.00; leg quarters 35.50; and wings $1.50. Cooler inventories and supplies on all parts are balanced to occasionally heavy to light, with a good to balanced to light demand. Price trend on all parts is higher to lower, occasionally weak, steady and firm.

6 JANUARY 2016 WEDNESDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for next week's remains unchanged at $1.13 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. The market is steady to occasionally weak and the live supply is adequate to short for a normal to good demand. Average weights are desirable. Estimated slaughter today is 4,789,800 head. This compares with 4,503,600 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 $1.5550; skinless boneless breasts $1.4650 whole breasts 97.50; boneless skinless thigh meat $1.2250 thighs 59.00; drumsticks 39.50; leg quarters 35.00; and wings $1.53. Demand on line run tenders, whole breasts and wings is mostly good, occasionally normal; demand on boneless skinless thigh meat is mostly normal, occasionally good and light; demand on thighs is mostly good, occasionally light to normal; and demand on skinless boneless breasts, drumsticks and leg quarters is good to normal, mostly good, occasionally light.
Note: On January 7, 2015, the Georgia f.o.b. dock quoted price on broilers and fryers was $1.14.
7 JANUARY 2016 THURSDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.13 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 78% (representing 785 loads) of the loads offered have been confirmed within a price range of $1.04 to $1.1735 with a preliminary weighted average of $1.1318 f.o.b. dock or equivalent. The market is steady to occasionally weak and the live supply is adequate to short for a normal to good demand. Average weights are desirable. Estimated slaughter today is 4,697,000 head. This compares with 4,561,800 head last Thursday.
8 JANUARY 2016 FRIDAY
The Georgia f.o.b. dock quoted price on broilers and fryers for this week's trading is $1.13 based on full truck load lots of ice pack USDA grade "A" sized 2 to 3 pound birds. 87% (representing 877 loads) of the loads offered have been confirmed within a range of $1.04 to $1.1735 with a preliminary weighted average of $1.1320 f.o.b. dock or equivalent. The market is steady to occasionally weak and the live supply is adequate to short for a normal good demand. Average weights are desirable. Estimated slaughter today and Saturday is 4,934,300 head. This compares with 3,449,800 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 $1.5750 (based on 1,716,000 lbs.); skinless boneless breasts $1.6450 (based on 7,696,000 lbs.); whole breasts $1.0450 (based on 870,000 lbs.); boneless skinless thigh meat $1.3250 (based on 1,772,000 lbs.); thighs 60.50 (based on 1,094,000 lbs.); drumsticks 40.50 (based on 1,678,000 lbs.); leg quarters 35.00 (based on 7,222,000 lbs.); and wings $1.53 (based on 3,564,000 lbs.). Demand on line run tenders and wings is mostly good, occasionally normal; demand on skinless boneless breasts and leg quarters is mostly good, occasionally normal to light; demand on whole breasts is good to normal, mostly good; demand on boneless skinless thigh meat is mostly normal, occasionally good to light; demand on thighs is mostly good, occasionally light to normal; and demand on drumsticks is mostly good, normal to light.
Estimated hen slaughter for the week ending today is 319,544 head.
Estimated total slaughter for the week ending today and Saturday for broilers and fryers is 23,778,600 head. This compares with 23,846,300 head of broilers and fryers for the corresponding week a year ago.