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: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
