Poultry Industry News, Comments & More

Turkey Week

10/08/2021

Weekly Turkey Production and Prices October 8th 2021

 

Poult Production and Placement:

The September 15th 2021 edition of the USDA Turkey Hatchery Report, issued monthly, documented 24.7 million eggs in incubators on September 1st 2021 (27.0 million eggs on August 1st 2021) and down 5.0 percent (1.3 million eggs) from September 1st 2020.

 

A total of 22.5 million poults were hatched during August 2021 (22.6 million in July 2021), representing a decrease of 0.2 percent (41,000 poults) from August 2020.

 

A total of 21.4 million poults were placed on farms in the U.S. in August 2021, (22.1 million in July 2021), 3.9 percent (0.9 million poults) less than August 2020. This suggests disposal of 0.3 million poults during the month (0.3 million in July 2021). Placements of hen and tom poults was in all probability relatively even for the month.

 

For the twelve-month period September 2020 through August 2021 inclusive, 266.2 million poults were hatched and 246.3 million were placed. This suggests disposal of 19.9 million poults. Assuming the proportion of placements corresponded to the respective numbers of toms and hens reared year to date (55:45), for the 12-month period, 7.5 percent of all poults or 6.7 percent of tom poults (8.9 million) and 8.1 percent of hen poults (10.9 million) were destroyed. This is an unsubstantiated estimate with a fluctuating demand for processed toms and hens in a post-COVID affected market. (See relative numbers of hen and tom poults processed under Production Data below).

 

To be updated in mid-October 2021 following release of monthly USDA data

 

Turkey Production:

The October 8th 2021 edition of the USDA Turkey Market News Report (Vol. 68: No.40) confirmed the following provisional data for turkeys slaughtered under Federal inspection:-

  • For the processing week ending October 2nd 2021, 1.670 million young hens were slaughtered during the processing week at a live weight of 17.3 lbs. (last week 1.854 million hens at 17.1 lbs.). During the corresponding week in 2020, 1.794 million hens were processed, 7.4 percent more than during the most recent week in 2021. Ready-to-cook (RTC) hen weight for the week attained 23.2 million lbs. (10,547 metric tons), 0.5 percent more than in the corresponding processing week of 2020. Dressing percentage was a nominal 80.5. In 2021 RTC hen production has attained 904.8 million lbs. (411,258 metric tons), 0.2 percent less than for YTD 2020.

 

  • For the processing week ending October 2nd 2021, 2.210 million toms were slaughtered at 43.3 lbs., compared to 2.177 million toms processed during the previous week at 43.4 lbs. For the corresponding week in 2020, 2.268 million toms were processed, 2.6 percent more than in the most recent week in 2021. Ready-to-cook tom weight for the week attained 77.1 million lbs. (35,023 metric tons), 3.7 percent less than the corresponding processing week in 2020. Dressing percentage was a nominal 80.5 percent. In 2021 RTC tom product has attained 2,936 million lbs. (1,334,580 metric tons), 8.2 percent less than for YTD 2020.
  • The National average frozen hen price during the past week was 129.7 cents per lb., down 3.3 cents per lb. from the previous week and up approximately 30 cents per lb. from the three-year average. The following prices rounded to nearest cent were documented for domestic and export trading on October 8th 2021:-

 

Product

cents per lb.

Change from previous Week (%)

Frozen hens

130

-2.3

Frozen toms

134

+1.5

Fresh hens

152

+1.3

Fresh toms

1521

-0.7

Breasts 4.0-6.5 lb. (frozen)

160

No new quotation

Breasts (B/S) tom

327

+2.2

Drums (toms for export)

115

No new quotation

Wings (V-cut tom)

105

+8.2

Wings (V-cut hens)

210

No new quotation

Thigh Meat (frozen for export)

200

No new quotation

Mechanically Separated (export)

45

No new quotation

1. Presumed value

 

Inventories:

On October 4th 2021 cold storage holdings at selected centers amounted to 66,133 lbs., 0.4 percent less than the inventory of 66,428 lbs. on October 1st 2021.

 

The September 23rd 2021 edition of the USDA Cold Storage Report issued monthly, documented a total turkey stock of 425.6 million lbs. (193,459 metric tons) on August 31st 2021, equivalent to 4.7 weeks of current production and down 19.9 percent compared to the inventory on August 31st 2020. The August 31 st value was 2.3 percent below the July 31st 2021 level. This change is consistent with season and denotes a restoration of balance between supply and the combination of domestic demand and exports.

 

The Whole Turkey category of 260.6 million lbs. representing 61.2 percent of total storage of 425.6 million lbs. on August 31st 2021 was 9.3 percent lower than the inventory on August 31st 2020. Tom carcasses in storage increased by 4.9 percent from August 31st 2020 to 161.8 million lbs. on August 31st 2021. Hen carcasses in storage decreased by 25.8 percent from August 31st 2020 to 98.7 million lbs. on August 31st 2021. Hen carcasses decreased 2.3 percent during August from July 2021.

 

Breasts in storage declined by 40.8 percent from August 31st 2020 to 51.2 million lbs. on August 31st 2021.

 

The “Other” and “Unclassified” categories collectively amounted to 101.3 million lbs. or 19.2 percent of inventory on August 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.

 

August 2021 Production

According to the USDA Poultry Slaughter Report released on September 24th 2021 covering, August 2021 comprising 21 working days:-

· During August 18.5 million young turkeys were processed. (1.0 percent less than in August 2020);

· Total live weight attained 582.8 million lbs. (1.3 percent less than August 2020);

· Average live weight was 31.5 lbs. (0.3 percent less than August 2020);

· RTC attained 465.5 million lbs. (down 1.3 percent from August 2020) with a yield of 79.9 percent.

· The proportion of frozen product in August 2021 attained 39.6 percent of total RTC produced.

  • In August 2021 ante-mortem condemnation attained 0.35 percent of live weight, (0.31 in August 2020). During the past month 2021, 1.3 percent of RTC weight was condemned (1.3 percent in August 2020)

(To be updated in late October with data for September)

 

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 2020. The U.S. turkey industry shipped 173,544 metric tons to Mexico or 62.6 percent of all turkey exports, 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 lifting an avian influenza embargo that was placed on the U.S. allowing only 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 per metric ton. 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.

 

For the first eight months of 2021 exports of turkey products attained 165,637 metric tons valued at $416 million up 1.5 percent in volume and 12.4 percent in value compared to the corresponding period in 2020. Unit value increased by 10.8 percent in January-August 2020 from $2,297 to $2,512 per metric ton over the corresponding eight months in 2021.


 
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