Prices inch upwards
Production in 2010 is expected to increase by 1%.
The welcome seasonal price in- creaseisconsistentwithpastyears re;ecting greater consumer demand. The favorable price is moderated
by adroit management of ;ock placements and molting to optimize production. The latest ;gures posted by Don
Bell forecast a peak annual U.S. ;ock
of 281.7 million in December declining
in the traditionally low post-Easter period when ;ocks are projected to range
from 277.5 million in May 2010 to a
low of 275.8 million in August 2010.
Correspondingly U-B quotes will decline from a December 2009 value of
122.6 cents/dozen to a low of 95.8 cents/
dozen in May 2010. According to the
egg price forecasts by Bell only in May
2010 will prices be expected to drop below the 100 cents/dozen threshold.
Producer Egg Prices Average—all table eggs
1
Cents/dozen
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Avg
U.S. 89.6 63.9 64.3 77.1 41.2 38.6 51.9 57.9 56.8 63.5 60.5
Month
Monthly gains since June’s low of 38.6 cents/dozen bring 2009’s average egg price through
the end of October up to 60.5 cents/dozen. Chart courtesy of Don Bell.
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During October 2009 for which the
most recent ;gures were available at
press time, year to date average contribution was 1.78 cents/dozen despite the
6.0 cents/dozen posted in October and
the high values in January (31.0 cents/
dozen) and April ( 18. 5 cents/dozen).
These positive monthly contribution
;gures were offset by large losses in
May ( 20.1 cents/dozen) and June (25.1
cents/dozen) respectively.
For the last quarter of 2009, the
USDA projection of total production is
1,645 million dozen, virtually identical
to the 1,640 million dozen in 2008. Annual production for 2009 will amount
to 6,449 million dozen and is forecast
to increase by 1% to 6,510 million
dozen in 2010. Correspondingly, per
capita “disappearance” (domestic consumption and exports) will increase
from 247.7 eggs in 2009 to 248.1 eggs
in 2010. EI
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