TURKEY MARKET NEWS REPORT Friday, July 26, 2019 Vol. 66 No ...
TURKEY MARKET NEWS REPORT
ISSN 1522-0575
Friday, July 26, 2019 Vol. 66 No. 30
U.S. Department of Agriculture
Agricultural Marketing Service
Livestock, Poultry & Grain Market News
National Turkey Market At-A-Glance
Domestic Market Highlights The market on frozen 8-16 lb. hens and 16-24lb. toms is steady to firm with 8-12 lb. hens strongest. Demand light to moderate. Processor offerings of frozen Grade A 8- 16 lb. hens and 16-24 lb. toms very light to moderate with 8-12 lb. hens the least available. Frozen Grade A basted equivalent processor offering prices on a national basis for 8-16 lb. hens are 85.00-92.00 cents FOB and 16-24 lb. toms 85.00-92.00 cents FOB for current deliveries. No trading reported.
The market on tom breast meat and destrapped tenderloins is mostly steady with frozen tom breast meat having a steady to weak undertone. The market on white trims is steady to instances firm. Demand and offerings light to moderate. The tom drums market is steady with spot strength starting to be noted, balance of tom bulk parts markets steady to weak. The market on hen drums is steady to instances firm, balance of hen parts mostly steady. Demand light to moderate. Offerings of hen and tom drums light at best, balance of bulk parts light to moderate with tom wings and necks the most available. The thigh meat market is steady to firm as industry members continue to watch competing proteins. Demand and offerings light to moderate. The mechanically separated turkey (MST) market is steady. Demand and offerings light to moderate. Trading slow.
Export Market Highlights No trading reported. The market is mixed, mostly steady. Demand and offerings light to moderate.
Weekly National Whole Young Turkeys Frozen - commodity pack or equivalent; minimum 10,000 lb. lots; current negotiation for delivery within two weeks.
U.S. Grade A - FROZEN
8-16 lb. (Hens) 16-24 lb. (Tom s) 1 based on offers.
Current Week
Last Week
Last Year
w td avg volume w td avg volume w td avg volume
(cents/lb) (000 lbs.) (cents/lb) (000 lbs.) (cents/lb) (000 lbs.)
90.00
280
88.00 1
78.70 1
88.33
120
87.50 1
80.00 1
National Frozen 8-16 lb Hen Turkey Weekly Average Prices (cents per pound)
110.0 105.0 100.0
95.0 90.0 85.0 80.0 75.0 70.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2019
2018
3-Year Avg.
Source: USDA, AMS, LPG Market News
Fresh - with timers; for delivery within the next seven days.
Current Week
Last Week
Last Year
U.S. Grade A - FRESH w td avg volume w td avg volume w td avg volume
(cents/lb) (000 lbs.) (cents/lb) (000 lbs.) (cents/lb) (000 lbs.) Priced At Tim e Of Sale:
8-16 lb. (Hens) 105.88
116.0 105.44
96.0 101.78
91.0
16-24 lb. (Tom s) 104.43
84.0 103.95
74.0
99.08
60.0
Price To Be Determ ined:
8-16 lb. (Hens)
--
2.0
--
2.0
2.0
16-24 lb. (Tom s)
--
2.0
--
2.0
2.0
Week Ending 20-Jul-2019 (Preliminary)
Turkeys Slaughtered In Federally Inspected Plants
- - - - - Young turkeys- - - - -
Old
Total turkeys
Pct Chg Avg Breeders
Avg
-Thousand Head- Prev wk Live wt --Thousand head-- Live wt
North East
561
-13 29.64
(A)
561 29.64
South Atlantic
409
-8 40.30
(A)
409 40.30
North Central 2,210
-4 31.76
(A)
2,230 31.76
South Central
835
9 18.77
(A)
842 18.77
West
149
5 32.94
(A)
149 32.94
U.S. total
4,164 (B) -3 31.48
27
4,191 31.48
To-date
2019*
114,793 (B)
352
115,145
To-date
2018*
118,529 (B)
82
118,611
(A) Not published to avoid disclosing individual operations.
(B) Number of young banded breeder turks included: this week 15,000;
for the current year to date* 495,000; for last year to date* 603,000.
*Note: Year to-date totals reflect comparable time periods.
Live Turkeys Slaughtered Under Federal Inspection
Young
Breeders
Hens
Toms Young
Old
--------------Thousands--------------
Head
1,791
2,358
15
27
Avg Wt
17.11
42.40 38.22 26.58
Last week
1,850
2,423
20
0
Same wk yr ago
1,905
2,399
28
0
Avg Wt
16.02
41.87 27.98 0.00
To-date/2019*
47,022
67,276
495
352
To-date/2018*
48,594
69,332
603
82
% Change YTD
-3%
-3%
-18% 329%
Ready-to-Cook Weight and Dressing Percentage
Current week
24,668
80,483
444
556
Last week
25,809
83,228
462
0
Same wk yr ago
24,567
80,859
607
0
Total Turkeys
4,191 31.48 4,293 4,332 30.41 115,145 118,611
-3%
106,151 109,499 106,033
To-date/2019* To-date/2018*
658,018 2,369,404 11,349 8,198 3,046,969 642,613 2,353,624 12,976 1,948 3,011,161
% Change YTD
Dressing %
2%
1%
-13% 321%
1%
----------------------------------
80.5%
80.5% 77.5% 77.5%
(A) Dressing % adjustments reflect quarterly update.
*Note: Year to-date totals reflect comparable time periods.
Weekly Cold Storage Holdings ? in Selected Centers, Includes Government Stocks in Thousands of Pounds
7/22/2019
7/1/2019
Change from First of the Month in Total Pounds
Processed Turkeys
118,865
110,109
8,756
Cold Storage Holdings - Pacific Coast Processed Turkey
Pacific without Denver: Los Angeles:
7/15/2019
07/08/19
222 165
% Change from First of the Month 8%
07/16/18
USDA AMS Livestock, Poultry & Grain Market News
1
GA (404)562-5850 IA (515)284-4460 - or desm.lpgmn@ams.
Vol. 66 No. 30
USDA TURKEY MARKET NEWS REPORT
Friday, July 26, 2019
National Young Turkey Parts - Bulk Meat and Frozen (Unless Specified), Delivered First Receivers, Part and Full Trucklots.
Bulk parts market was steady with a steady to weak undertone. Demand and offerings light to moderate. The market on tom breast meat and destrapped tenderloins is steady with frozen tom breast meat steady to weak undertone, white trims steady. Demand and offerings light to moderate. The thigh meat market is steady, instances firm. Demand and offerings light to moderate. Mechanically separated turkey (MST) market is steady. Demand and offerings light to moderate. Trading slow. For domestic: frozen tails 49 cents, fresh MST 16 cents pet food and frozen grade A breast 14-16 lbs. non basted 150 cents delivered.
Domestic Trading
Breasts, 4-8 lbs. Grade A 2/ Breasts, 4-8 lbs. Grade A--Fresh 2/ Breasts, 4-8 lbs. Plant Grade 2/ Drumsticks, Tom Drumsticks, Tom--Fresh Drumsticks, Hen Wings, Full-Cut, Tom Wings, Full-Cut, Hen Wings, V-Type, Tom Wings, V-Type, Hen Necks, Tom Necks, Hen Breasts, B/S, Tom 3/ Breasts, B/S, Tom--Fresh 3/ Thigh Meat Thigh Meat--Fresh Breast Trim Meat Scapula Meat Wing Meat With Skin Tenderloins Destrapped Tenders Destrapped Tenders--Fresh Mechanically Separated 4/ Mechanically Separated--Fresh 4/
Export Trading
Drumsticks, Toms Wings Full-Cut - Toms Wings, V-Type, Tom Tails Mechanically Separated 4/ Thigh Meat - Frozen
1/ CODES FOR LAST SIGNIFICANT TRADE (L.S.T.): M=MONDAY T=TUESDAY W=WEDNESDAY R=THURSDAY F=FRIDAY
2/ Breasts are bagged; rib, back, and wing meat included; and basted. 3/ Boneless and skinless without tenderloins. 4/ 15-20% fat with skin added.
wtd avg (cents/lb.)
Weekly volume
(000 lbs.)
169.44
18
76.00
60
71.64
220
63.70
100
65.00
4
64.00
44
33.63
544
206.60
100
157.00
40
156.00
80
179.00
40
25.00
40
24.45
440
74.33
540
59.00
60
24.00
40
USDA AMS Livestock, Poultry & Grain Market News
2
GA (404)562-5850 IA (515)284-4460 - or desm.lpgmn@ams.
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