Easter is about three weeks away. It is a peak demand for eggs, but production is still lagging. January table-egg production was estimated at 646.9 million dozen eggs, a 7.3 percent year-over-year decrease. The year-over-year change was due to a 6.1 percent decrease in the average size of the laying flock resulting from HPAI depopulation, and a decrease in the layer flock productivity as measured by the rate of lay.
The 1 February table-egg inventory was estimated at 309.4 million layers, slightly above the January 1 estimate but 5 percent lower than last year. The lay rate at the beginning of February was below year-ago levels, which if continued would mark the third consecutive month of year-over-year decline. Overall, 2023 tab...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
