Share via Email


* Email To: (Separate multiple addresses with a semicolon)
* Your Name:
* Email From: (Your IP Address is 34.237.124.210)
* Email Subject: (personalize your subject)


Email Content:
Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Turkey Week

02/23/2021

Weekly Turkey Production and Prices February 23rd 2021

 

Poult Production and Placement:

The February 16th 2021 edition of the USDA Turkey Hatchery Report, issued monthly, documented 25.8 million eggs in incubators on February 1st 2021 (24.6 million eggs on January1st 2021) and down 8.7 percent (2.5 million eggs) from February 1st 2020.

 

A total of 20.6 million poults were hatched during January 2021 (23.1 million in December 2020), and representing a decrease of 13.8 percent (3.3 million poults) from January 2020.

 

A total of 18.9 million poults were placed on farms in the U.S. in January 2021, (20.6 million in December 2020), and 11.6 percent less than in January 2020. This suggests disposal of 1.7 million poults during the month (2.4 million in December 2020). Assuming all tom poults were placed, up to 16.5 percent of January-hatched hen poults or 8.3 percent of all January-hatched poults may not have been reared. This is an unsubstantiated estimate in a fluctuating demand for processed toms and hens in a COVID-affected year. See relative numbers of hen and tom poults processed under Production Data below.

 

For the twelve-month period February 2020 through January 2021 inclusive, 272.6 million poults were hatched and 249.6 million were placed. This suggests disposal of 23.0 million poults. Assuming all tom poults were placed, (representing a broad assumption as above), 16.8 percent of hen poults or 8.4 percent of all poults hatched during the period were not placed.

 

To be updated in the mid-March 2021 edition following release of monthly USDA data

 

Turkey Production:

The February 19th 2021 edition of the USDA Turkey Market News Report (Vol. 68: No. 07) confirmed the following provisional data for turkeys slaughtered under Federal inspection:-

 

  • For the processing week ending February 13th 2021, 1.401 million young hens were slaughtered during the processing week at a live weight of 17.2 lbs. (last week 1.620 million hens at 16.4 lbs.). During the corresponding week in 2020, 1.567 million hens were processed, 11.9 percent less than the current week. Ready-to-cook (RTC) hen weight for the week attained 19.4 million lbs. (8,828 metric tons), 7.6 percent less than the corresponding processing week of 2020. Dressing percentage was a nominal 80.5. In 2021 RTC hen production attained 138.6 million lbs. (62,990 metric tons), 5.0 percent less than for YTD 2020.
  • For the processing week ending February 13th 2021, 2.169 million toms were slaughtered at 44.8 lbs. compared to 2.331 million toms processed during the previous week at 45.0 lbs. For the corresponding week in 2020, 2.284 million toms were processed, 5.3 percent less than in the past week. Ready-to-cook tom weight for the week attained 78.2 million lbs. (35,524 metric tons), 3.1 percent less than the corresponding processing week in 2020. Dressing percentage was a nominal 80.5 percent. In 2021 RTC tom product attained 547.0 million lbs. (248,631 metric tons), 8.6 percent less than for YTD 2020.
  • The National average frozen hen price during the past week was 111.0 cents per lb., up 1.0 cent per lb. from the previous week and up approximately 12 cents from the three-year average. The following prices rounded to nearest cent were documented for domestic and export trading on February 19th 2021:-

 

Product

cents per lb.

Change from previous Week (%)

Frozen hens

111

+0.9

Frozen toms

111

+4.7

Fresh hens

123

-0.8

Fresh toms

124

Unchanged

Breasts 4.0-6.5 lb. (frozen)

132

-2.3

Breasts (B/S) tom

130

No new quotation

Drums (toms for export)

103

-1.9

Wings (V-cut tom)

85

No new quotation

Wings (V-cut hens)

228

No new quotation

Thigh Meat (frozen for export)

117

No new quotation

Mechanically Separated (export)

44

No new quotation

 

Inventories:

On February 15th 2021 cold storage holdings at selected centers amounted to 64,254 lbs., 9.6 percent more than the inventory of 58,646 lbs. on February 1st 2021.

 

The February 23rd 2021 edition of the USDA Cold Storage Report issued monthly, documented a total turkey stock of 306.2 million lbs. (139,187 metric tons) on January 31st 2021, equivalent to 2.7 weeks of current production and up 1.5 percent compared to the inventory on January 31st 2020. The January 31st 2021 value was 37.3 percent above the December 31st 2020 level. This decline is consistent with season and denotes an imbalance between supply and the combination of domestic demand and exports.

 

The Whole Turkey category representing 40.9 percent of total storage of 306.2 million lbs. on January 31st 2021 was 16.4 percent higher than the inventory on January 31st 2020. Tom carcasses in storage increased by 19.9 percent from January 31st 2020 to 74.6 million lbs. on January 31st 2020. Hen carcasses in storage increased by 11.6 percent from January 31st 2020 to 50.8 million lbs. on January 31st 2021.

 

The “Other” and “Unclassified” categories collectively amounted to 107.0 million lbs. or 34.9 percent of inventory on January 31st 2021. The magnitude of these two non-specified categories suggests that the USDA should attempt to classify product more accurately as to specific product.

 

January 2021 Production

According to the USDA Poultry Slaughter Report released on February 22nd 2021 covering, January 2021 comprising 23 working days, 16.6 million young turkeys were processed. (13.4 percent less than January 2020); live weight attained 556,549 million lbs. (13.2 percent less than January 2020); Average live weight was 33.5 lbs. (0.2 percent more than January 2020); RTC attained 444,031 million lbs. (down 13.2 percent from January 2020) with a yield of 79.8 percent. The proportion of frozen product in January 2021 attained 27.8 percent of total RTC produced. In January 2021ante-mortem condemnation attained 0.32 percent of live weight, (0.29 in January 2020). In January 2021, 1.3 percent of RTC weight was condemned (1.4 percent in January 2020)

 

Comments:

Please review comments in the Weekly Broiler Report and the year-to-date export data under the Statistics Tab.

 

The USMCA has been in effect since July 1st. The U.S. turkey industry shipped 173,544 metric tons or 62.6 percent of all turkey exports to Mexico, valued at $389 million during 2018. In 2019 Mexico received 176,789 metric tons representing 60.9 percent of turkey exports valued at $427 million. Thailand commenced importing raw turkey effective January 1st 2021 after an avian influenza embargo was placed on the U.S. for other than cooked turkey in 2015. During 2020 Mexico imported 166,771 metric tons of turkey products valued at $379 million with a unit value of $2,273. During 2020 China imported 17,260 metric tons of turkey products with a value of $28.7 million representing a unit value of $1,663 per metric ton.


 
Copyright © 2021 Simon M. Shane