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: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
