Desk egg layers have suffered from HPAI outbreaks
In its June Chickens and Eggs file, USDA estimates June egg manufacturing at 8.81 billion eggs, down 2% from final yr, consistent with a up to date marketplace file from Bernt Nelson on the American Farm Bureau Federation. The breakdown contains 7.56 billion desk eggs and 1.25 billion hatching eggs. Of those hatching eggs, 1.15 billion have been broiler-type whilst 96.7 million have been egg-type. The collection of layers in June 2024 used to be 371 million, down 3%, whilst egg manufacturing according to 100 layers used to be up 1%.
Egg units (eggs positioned in incubators) are necessary for making sure a wholesome provide of hatching eggs. When farmers are confronted with a lower in egg hatchability or an anticipated relief in manufacturing, they start surroundings extra eggs to reach the specified collection of chicks for placement, which occurs about 3 weeks after hatching. Egg units peaked in April at 5.4% above the five-year reasonable. 3 weeks later in Might, chicks positioned have been 4% above the five-year reasonable. Egg units in July have been additionally 4% above the year-over-year reasonable whilst chick placements have been up handiest 0.7%.
Desk egg layers have suffered from HPAI outbreaks, with the latest detections going on on July 24 in Colorado and affecting about 3.4 million birds. There have been 0 HPAI detections in desk egg flocks in June. Then again, 5.6 million birds have been misplaced in Might. The egg laying flock stock in June consisted of 305.9 million birds, a lack of lower than part one million from Might. This presentations some resilience bearing in mind what number of birds have been misplaced in Might from HPAI however remains to be handiest moderately above the 2022 stock. In keeping with this knowledge, 2nd quarter USDA forecasts for manufacturing have been adjusted up 10 million dozen to at least one.9 billion dozen eggs. Whilst that is down 2.6% from final yr, when mixed with 3rd and fourth quarter changes, 2024 desk egg manufacturing is adjusted up 10 million dozen, bringing the entire simply shy of seven.8 billion dozen eggs, about 0.9% underneath 2023.
The typical New York June wholesale value for massive eggs used to be $2.58 according to dozen. This brings the typical 2nd quarter value to $2.27 according to dozen, about 7 cents, or 3%, above final month’s estimate and about 91 cents, or 70%, above the typical 2nd quarter value for 2023. Egg costs are somewhat solid for now. Then again, with the desk egg layer stock as little as it’s, any fall outbreaks of HPAI have the possible to force up costs.