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ANALYSIS: Renewed Retail Demand Brings Stability to the Shell-Egg Market
It appeared at the start of the week that the US shell-egg market was poised for a potential turn to the downside as spot market offers began to...
ANALYSIS: USDA Weekly Eggs Processed Numbers Climb, Driven by Manufacturing Needs
Shell Eggs Processed Under Federal Inspection came in at 1,554,781 cases for the week ending August 21st, according to data released yesterday afternoon by the USDA—an increase of...
USAPEEC: Latest Update On the South Korea HPAI Egg Situation
Since the Highly Pathogenic Avian Influenza (HPAI) broke out, the consumer price of the egg has been soaring. However, at some point, the egg price is expected to fall from mid-year 2021. According to the Korea Agro-Fisheries & Food Trade Corporation (aT), on June 11th, the domestic price of an egg tray, which is formed of 30 shell eggs, rose 46 percent to 7,557 KRW (6.69 USD), from 5,179 KRW (4.59 USD) the average year.The HPAI has died down, but the price has not yet come down with it. With the prolongation of COVID-19, consumers tend to stay indoors and avoid eating out. The change in consumer behavior caused an increase in the demand for the egg. According to the Korea Rural Economic Institute (KREI), the average purchase of eggs per household in the first quarter of 2021 was...
VIDEO: State of the Market Episode 16: The Egg Market
This week on State of the Market, Market Digest host Laura Zinger and Brian Moscogiuri detail the hurdles of the egg market. Brian tells us about the second largest shell egg inventory ever recorded in COMTELL, what rising inventory levels mean for pricing, and more.
VIDEO: Morning Market Roundup April 13
Urner Barry's reporters discuss labor issues in the Pork and Turkey Markets, as well as prices in the Egg Market.
ANALYSIS: Egg Prices Surge to 11-Month High on Strong Retail, Foodservice, Export Demand
A combination of retail, foodservice and export demand sent shell-egg prices soaring to an 11-month high this week. After holding steady for more than...
APHIS Reflects on 2015 HPAI Outbreak and Addresses the Importance of Biosecurity
In a recent webinar hosted by the Animal and Plant Health Inspection Service (APHIS), Dr. Dale Lauer, Dr. Rocio Crespo, and Dr. Denise Heard reflected on the Highly Pathogenic Avian Influenza (HPAI) outbreak of 2015, and steps that can be taken to protect poultry flocks going forward.
HPAI can be spread from bird to bird through direct or indirect contact with infected birds including feathers, bodily discharge, or from the equipment, hands, shoes, and clothes of caretakers. Signs of the disease include depression, decreased feed and water intake, runny eyes and nose, and swollen head. The disease can affect an entire flock and has a death rate up to...
ANALYSIS: Shell Egg Prices Surge to Nine-Month High Amid Demand Increases, Flock Rotations
Shell egg prices have climbed to the highest levels seen since mid-April, thanks to extraordinarily robust retail demand, strong international call and...
Highly Pathogenic Avian Influenza Strikes South Korea’s Layer Houses
As Highly Pathogenic Avian Influenza (HPAI) strikes South Korea’s layer houses killing more than 8 million hens, the country’s local shell egg prices have started to soar with a 22.4 percent increase compared with an average year as of Wednesday. Demand is especially high for eggs with the approaching Lunar New Year holiday February 11 - 14. As a result, the Korean government has decided to temporarily eliminate tariffs on egg imports for the first time since 2017.
According to The Korea Herald, South Korea's agricultural ministry said Wednesday it plans to “temporarily remove tariffs on imported egg products to resolve a supply shortage.” The government will...
ANALYSIS: Shell Egg Prices Rise Amid Strong Retail Demand, Seasonal Flock Rotations
After holding steady for more than two weeks, shell egg prices got a push to the upside today amid strong retail demand and...
Cal-Maine Foods Reports Second Quarter Fiscal 2021 Results
Cal-Maine Foods, Inc. reported results for the second quarter of fiscal 2021 (thirteen weeks) and twenty-six-week period ended November 28, 2020.
Net sales for the second quarter of fiscal 2021 were $347.3 million, an 11.5 percent increase compared to $311.5 million for the second quarter of fiscal 2020. The Company reported net income of $12.2 million, or $0.25 per basic and diluted share, for the second quarter of fiscal 2021, compared to a net loss of $10.1 million, or...
Perspectives: Looking at Volatility in Natural Gas Markets with APPI Energy
ANALYSIS: Year-End Chicken Production Begins to Recede
This Week in Retail: Jingle Bells, December Sells
ANALYSIS: Tightening Supplies Lift Cash Cattle Prices
Rising Inflation, Relentless Pandemic Dampen U.S. Consumer Confidence