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71,.' a l
79 THE BUREAU OF AGRICULTURAL ECONOMIC UNITED STATES DEPARTMENT OF AGRI PES- 163 The seasonal distribution of annual output of eggs is a measure of the degree to which egg orn- duction in a State or region is commercialized: the NEG. 49026-XX BUREAU OF AGRICULTURAL ECONOMICS larger the proportion of the output occurring in the summer and fall, the greater the degree of speciali- zation. FOR RELEASE FEB. 27, A. M. SUMMER AND FALL EGG PRODUCTION As Percentage of Annual Total, 1952 U.S. DEPARTMENT OF AGRICULTURE - 2 - -B PO.Oe AID 1D Bs13 l UI AT A UEW : 2 Ite: unit : :- Tam prolaotje- ........: MKL. doc. : Average number of layer on fam .......: Jaolam- Monthly egg pro- duction per layer...... Alp Appeent civilian per capital disappearance ..: lp frza eom proaMucton .. N1. lb. DBri A prodctain ...: 1. lb. Price received by tfaum ............... CE.pr do&.: Price received by fmes a W U It- gA of p t ....... .. urut etail price (Mu) .....:Ct.pr dos. Ig- tl t prie atio ...: Lb. fee Stotas : 1heU ................ibou.cm : rossn ............... : l. lb. : CIlkm hcaheda by cm- 2 menal tetarle ... : Mlio Pallnte not yet of : laying aw am f : M:llme : m price of poultry : ntlan ................ DoLpa-r an: Price received by ft : erE for chickens, 1ive :Ct. per It Brollers ..............: do. Fam chickens ......... do. All chickens ..........: do. Price received by farm- : ers for all chickens as: a percentage of parity : BoEWat -Btall price of ahiacmm;. dresaed (ME) ......... Ct. per lb.: Prime received by : faoux for aIWI 2 liv .................. :Ct. per b.: : Stooeks: : Poultry, 0oai g :2 tou r .............: M1I. lb. Ta"key ..............: M11. lb. Chlo~m-feed price I ratio ................. Lb. fd Tdaey-feae price rtio : Lb. eeA Aveag weekly place- : Wat of chik.t in U broler area ...... M5.loca a : : I: I : a I r 'A. :,W 1952 1953 w :-P' 1952 1953 'n : -to 1 :-5 2 1: da/ 3/ a; nt t aum -l"192-2-. 5 -/-- :. j -i -- 5 --___t:__a_ I Except where data are for November or December, In which cases the averages 2 Except where data are for ovember or December, La which cases the year is 1 3/ Except where data are for November or December, in which cases the year is 1 370.7 k46.8 453.4 ) :) :) 398.3 384.k 375.9 : ) 11.2 lk.0 11.5 In coming mmit, lika, to be below year aeo Dec. 309.0 399. 1421.9 :: Jn- Dec. 395.0 388.0 38.3 :: Jan. Dec. 9.A 12.A 13.2 :: JIm. lOV. --- 31.5 32.6 :: Dec. Kob. 2.3 2.6 4.5 :: Dec. ho. 7.3 O.k 1.0 :: De-. Dec. 16.8 51.1 k6.6 :: Jan- Dec. 92 83 79 :: Jan. S,. 62.1 78.0 72.3 Dec. Dec. 4l.9 12.1 11. :: Jan. Jan. 1 329 141 153 : Feb. 1 Jan. 1 102.3 67.2 50.2 ::Feb. 1 De:. 11.3 87.0 91.3 ::Jan. Jdn. 1 53.1 32.0 21.8 :: Fet. I Dec 3.22 1.22 1.08 :: Jan. Dec. 28.0 25.7 29.6 :: Jnn. Dec. 23.7 23.3 22.1 :: Jan. Dec. 25-.0 2h.7 26.1 :: Jan. Dec. 106 78 83 :: Jan. Nov. 17.9 50.1 54.8 :: Dec. Dec. 34.7 39.6 31.6 :: jan. Jan. 1 182.5 195.1 132.0 :: Feb. 1 Jan. i 80.1 106.8 1k6.6 :: Feb. 1 Dec. 8.0 5.9 6.5 :: Jan. II Dec. 11.0 9.1 8.5 :: jan. Dec. .- 10.7 11.7 Jan. 27.8 28.7 28.2 :) 24.4 24.9 23.3 :) early at year-ego leels 25.9 27.1 26.5 :) despite lower beea price 106 89 85 46.6 48.5 55.2 33.1 37.1 33.6 Beflcts reord-lar g 1952 turkey crop 162.1 183.6 117.1 2) 88.6 116.4 142.6 dc se 8.1 6.4 10.k 8.7 :3 February, Mtrch likely to --- 9.3 117 reach yer o levels are for the year 1941-50. 951. JAm.-B. 1953 -- 34.3 35.6 : :) Breaking beginning early 2.1 1.6 5.0 :) an account of lue stocks, :good dema 6.7 0.4 0.7 2 39.8 L0.5 45.8 9k 81 101 t c dom em prices b tayd up 62.1 69.6 6.24 12.1 9.5 11.3 30o 238 U11 78.9 53.1 3b.9 2 63.6 122.7 127.3 flock repisaost 28.3 22.6 17.1 3.27 1.26 4.06 I ' PES-163 - - THE POULTRY AND EGG SITUATI 0 N Approved by the Outlook and Situation Board, February 18, 1953 SUiTiARPY Egg production will rise seasonally in the next month or 2, but the 4 percent reduction from last year in the number of potential layers now on farms will hold output below a year earlier. With demand from commercial egg breakers and consumers expected to continue strong, prices through the first 6 months of 1953 probably will be higher than in the same period of 1952. The situation later, particularly toward the end of the year, will depend upon the volume of egg production. Output then will be influenced not only by the likely resumption of the upward trend in rate of lay per bird, but also by the number of chickens to be raised in 1953. Farmers reported in February that they intend to raise 4 percent fewer chickens than in 1952 for laying flock replacement. However, the egg-feed price relationships in the past few months have been encouraging to egg producers, and they are likely to continue so. This may induce farmers to raise more chickens this year than they intended on February 1. Although the egg-feed price ratlo in January m;-.s below average, it was 19 per- cent above a year earlier. In past years a marked improvement in the ratio usually has been accompanied by an increase in the number of chickens raised, In Janua-- and ear._-- February, egg prices were maintained by the demand from commercial breakers preparing yolk, albumen, and mixed whole egg for sale to food manufacturers and processors. The breakers' demand, stimulated by small storage holdings of frozen egg products, began un- usually early in the season. TurKey growers' January intentions were to raise 23 percent fewer small turkeys in 1953 than in 1952, and 3 percent fewer large turkeys. In recent years, the turkey crops have been larger than were indicated by farmers' February intentions. The Department of Agriculture bought about 6 percent (by weight) of the 1952 turkey crop under its surplus removal program, confining its purchases almost entirely to large turkeys. If the decline in the production of large turkeys is no greater than indicated by the intentions, the 1953 production of large turkeys will still exceed the 1952 supply of large turkeys after allowing for those bought by USDA. Cold-storage holdings of turkey this winter are record-large, although the decline in holdings from December 1 to January 1 was greater than usual. There was a further decline during January. February 1 has been the usual peak for storage holdings of turkey in recent years. Stor- . age holdings of chicken, now past their seasonal peak, are less than to- thirds of last year. Production of broilers will exceed a year earlier in the. first ... quarter of 1953. But outpu- during the second quarter is likely .to b. ... below last year because broiler chick placements in February-Marh : "SW:+.|w " not likely to show the tremendous increase of a year earlier. Cone-" quently, broiler prices are expected to be steadier than in the fil.* half of last year. __~I~ JAN.-FEB. 1953 REVIEW AND OUTLOOK Higher Egg-Feed Price Ratio May Alter Farmers' Plans to Raise Chickens Farmers intend to raise 4 percent fewer chickens than in 1952 for laying flock replacement, according to a survey made about February 1. If egg prices continue as favorable as they were to mid-February, farmers are likely to raise more chickens than their February intentions indicate. Egg prices currently are higher, and feed prices lower, than a year earlier. Consequently the egg-feed price ratio is now more favorable to producers than it was at this time in 1952: in January 1953, the egg-feed price ratio--the number of pounds of poultry ration that could be bought with 1 dozen eggs--was 11.3; in January 1952 it was 9.5. In the months after January, the 1953 monthly egg-feed price ratios will fall as the egg price declines to its seasonal low point, but the ratio is not likely to reach the 1952 low of 8.0. In past years combinations of egg and feed prices such as those of the past few weeks, and those which are expected through the important months of the hatching season, have resulted in increases from the year before in the size of the hatch. - 4 - Table 1.- Egg-feed price ratio, chickens raised, and pullets on farms, January 1, United-' States, 1925 to-d.ate ;.E f ul :. Percentage of preceding Yatr Egg-f Nd Pullets Pu.t Year.- price ratio. chickenss on farms Intentions EEgg-feed farms weighted .raised January 1 to raise price :hca arms average*) following chickens ratio*- : se .f lJ ngy Pounds Milis M llion Prcent Percent Percent Percent 1925. : 12.9 .. 1926 4 4 -3.5 , 1927 : 13. 4 . 1928 .12.2 1929 13-1.. 1930 : 13.8 1931 : .10.6 1932 : 11.6 1933 : 14.3 193 : 10.9 1935 ., 11.i . 1936 : 13.1 1937 : 9.4 --1938 : -11.4 -.1939. : 12.6 1940 : 10.4 "1941 : 11.5 1942 .: 13.2 :1943 141.7 1944 : 11.2 1945 : 12.8 1946 : 11.9 !1947 : 11.3 1948 : 9.8 :11949 : 12.7 *1950 1951 1952 1953 679 718 750 .. 700 751 777 709 .736 750 644 658 715' 601 651 697 634 745 * 844 1,001 832 1/890. 1/738 1/719 1/615 1/705. 9.6 .1/635 11.4 1/663 9.0(11.1) /617 3/(11.6) 244 230 237 . '238 212 226 15 . 254 .- 240 278 - 319 350 301 322 281 278 ' 258 287 264 . 276 255 "'96 *109 S'.112 116 83 .96 86 94 80 107 .. 102 o105. .. 99 91 107 105 77 S. 109 123: 76 105 115 72 121 111 83 S 111 111 76 114 93 95 87 130 .88 96 90 96 76 119 7Q -103 106 .104 93 107 164 91 104 102 86 102 S109l 84 108 107 .91 1'.118 113. 119 83 107 83 97 86 115 94 100 89 107 110 86 113 - o05 . 94-; . 116 115 . _110 86 .. 107.:: 67 S. 99. 93 111 S 92. 105 S-92. Revised. Preliminary. For 1953, November through January; comparable 1952 in parentheses.. ~ ~~ ..*-;.; Weights are as follows: Preceding November, 1; preceding December, ; January, 3; February, 4; March, 5; April, 3; May, 1. L r .. !. .1.( i . .. ~ i. PES-163 - 5 - JAN.-FEB. 1953 The monthly reports of hatchery production, and, beginning in April, of young chickens on farms will indicate whether or not farmers are conforming, until those dates, to their February intentions to raise fewer chickens. In the interpretation of these reports, it should be remembered that the 1952 hatch was early. As late as April the numbers of young chickens on farms were ahead of the year before, but the early- season excess was more than offset by sharp declines in hatchings in May and later. The intentions to raise fewer chickens are most pronounced in the East and West North Central States with indicated declines of 10 and 8 per- cent respectively. These States accounted for almost half of the chickens raised in 1952. In other regions the intentions range from 1 or 2 percent decreases South Central, South Atlantic, and New England States and no change Middle Atlantic and Pacific States to a 6 percent intended increase in the Mountain States. A slight increase in the percentage of chicks to be bought as sexed pullets is indicated by farmers' February 1 intentions. Table 2.- U. S. average egg price, value of poultry ration, and egg-feed price ratio, October 1950 to date : 1950-51 _: 1951-52 :____ _ : Egg Value of: Egg- : E6g : Value of: Egg- : Egg Month : price,: poultry : feed : price,: poultry : feed ; price, : per ; ration, : price : per : ration, : price per : dozen : per cwt.: ratio : dozen : per cwt.: ratio cozen : Cents Dollars Pounds Cents Dollars Pounds Cents Oct. : 43.2 3.60 12.0 55.6 4.04 13.8 50.3 Nov. : 45.8 3.63 12.6 56.5 4.12 13.7 51.9 Dec. : 57.7 Jan. : 42.6 Feb. : 41.4 Mar. : 43.7 Apr. : 43.2 June 44.7 July : 46.6 3.74 3.89 3.96 4,00 3.99 3.95 3.95 3.96 15.4 51.1 11.0 40.5 10.5 34.7 10.9 34.0 10.8 35.2 11.2 34.2 11.3 35.7 11.8 43.3 12.6 48.2 4.22 4.26 4.25 4.24 4.21L 4.23 4.21 4.18 4.24 12.1 46.6 9.5 45.8 1952-3 SValue of: Egg- : poultry : feed : ration, : price : per .vwt.: ra tio Dollars Poujds 4.17 4.09 4.08 4.06 12.1 8.0 8.3 10.3 11.4 13.8 48.7 4.28 11.4 May 45.2 49.6 Aug. : Sept.: - 6 - 8.5 55.0 3.99 PES-163 Table 3.- Chickens raised, and intentions to raise chickens, by regions, 1913 to date " : Chickens raised. Percent- Year age of :Number: previous S : year Itetios Chickens raised: Intentions : to raise chickens as: :Percent- a percent- :: Percent- age of :Number: ae ous previous : prevou year : : year Intentions Chickens raised. to raise : :V : chickens as: : a percent- age of previous year : : :BNumber: : : : : Percent- age of : previous: year : :* Intentions to raise chickens as a percent- age of previous year SMil. Pet Pct. New England West North Central Mil. PCt. Pct. Middle Atlantic South Atlantic Mil. Pot. Pet. East North Central East South Central 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1943 1944 1945 1946 1947 1948 1949 West South Central 1950 1951 1952 1953 I/ Revised. 2/ Preliminary. 1943 : 1944 : 194.5 1/: 1946 :/- 1947 1/: 1948 1/: 1949 /: 1950 1/: 1951 2/: 1952 20, 1953 : Mountain Pacific - 7 - JAN.-FEB. 1953 Table 4.- Sexed chicks; Farmers' purchases, 1942-52, and intentions, 1953, : Chickens : Percentage :raised by :of farmers' Year : farmers for :baby chick :laying flock : purchases : replacement : made as : 1/_ : sexed pullet : Millions Percent Chickens : Percentage : raised by : of farmers' Year : farmers for : baby chick : laying flock : purchases : replacement : made as : I/ : sexed pullets Millions Percent 1942 : 844 21 1948 : 2/615 30 1943 1,001 17 : 1949 : 2/705 31 1944 832 20 : 1950 : 2/635 32 1945 2/890 18 : 1951 :663 33 1946 : /738 22 : 1952 :617 37 1947 2/719 26 : 1953 : /38 1/ Excluding specialized broilers. / Revised. / Intentions. Reductions Intended for 1953 Turkey Crop Turkey growers intend only a moderate reduction of their 1953 out- put from the record-high level of 1952. In January, their intentions were to reduce output of heavy breed turkeys by 3 percent from the 1952 level, and to cut small-breed birds by 23 percent. These intentions average out to an 8 percent intended cut in number of birds, and about a 6 or 7 percent reduction in the number of pounds that would be produced. In past years, the turkey crops have usually been larger than were indicated by January intentions (table 7)- In specific years the differences between intentions and actual crops have been variously attri- buted to favorable turkey or feed price developments during the hatching season, plentiful supplies of reasonably priced poults,and freely-available credit. If no such favorable factors occur this spring, and If the intended 3 percent cut materializes, production of heavy breed birds would still exceed the "free-market" supply of large-breed turkeys that remained from the 1952 crop after the Department of Agriculture had bought 48 million pounds for surplus removal. The possibility for variation between January intentions and later performance is greater for small turkeys than for the large breeds. Breeds such as the Beltsville Small White mature faster than do Bronze turkeys, and a larger proportion of them are sold when immature. Therefore, their production cycle is much shorter than for standard size birds. Also, the White breeder hens lEy more eggs than the bronze birds. In addition, some of the hens from late-1952 hatchings could presumably be held back from slaughter in order to increase the egg supply for that breed, should the demand for poults be stimulated by the current favorable prices for small turkeys. - 8- * * PES-163 In the Shenandoah Valley of Virginia and West Virginia, an impor- tant area for the production .of small turkeys, recent hatchings have shown a sharp decline from a year ago. From August 9, 1952 to February 14, 1953 48 percent fewer egcs were set in incubators than a year earlier. All the turkeys grown from such settings will be marketable in 1953-. In 1951-52, egg settings in the comparable period, were 33.percent of the 12-month tot4l.. The prospective limited supplies of fresh small turkeys from the Shenandoah Valley are likely to maintain prices for those birds for the next few months. The prices offered farmers there in mid-February--about 42 cents per pound--were considerably above those received for the bulk of the 1952 output. If the price holds for some months at the early-Feb- ruary level, it may induce a change in farmers' plans, especially when considered with the reductions in feed prices since last fall. The intended 3 percent decline in the output of standard-size turkeys is relatively small in view of last fall's turkey prices, and the resulting sale to the Government of 48 million pounds of eviscerated turkey for surplus diversion. This quantity, practically all of which cars from the large breeds, was about 6 percent of the weight of the total 1953 turkey slaughter, and a somewhat larger percentage -of the output of the large breeds. The most consistent State-by-State response toward an.intended re- duction in turkey numbers was in the Western Region, where an average decrease of 15 percent is indicated. Despite the increase in the popu- lation on the Pacific Coast, that region remains a surplus producing area. The freight costs from the coast to Eastern markets put Western producers at a disadvantage of 3 or 4 cents per pound of -dresced turkey, relative to Atlantic seaboard States. The East North Central States intend no change, and the West North Central States a.3 percent increase from 1952 in-their 1953:turkey out- put.. Thq 8 percent increase intended in Minnesota would amount to about 400 thousand birds. It is in contrast to a December 1952 survey of Minne- sota turkey hatcheries, who reported a decline of 9 percent from a year earlier in the number of turkey breeders in hatchery supply flocks. The USDA report of turkey breeder hens on hand January 1 indi- cates a 10 percent decline from a year earlier. Anticipating a change of about that magnitude on the basis of an earlier private survey, the National Turkey Federation estimated that by late December "testing (had) been done or arranged for enough breeding hens to produce as large, or a larger, crop of heavy turkeys in 1953 than the record 1952 crop". This estimate follows from the rapid tapering-off of turkey hatching toward- the end of the 1952 season, and the incomplete use of the potential supply of hatching eggs. i" * - 9 - JAN.-FEB., 1953 10 - Table 54- Intentions to raise turkeys., 1953, and..turkeys raised and breed distribution, 1951 and 1952, by regions ._.. :_ .... Region . Item Unit, .North EaSt -West South Southi States Atlan-: North ; North : Atlan- oentral:Western: tic Central: Central: tic :en a. Intentions to :Percent-: raise turkeys, : age of 1953 9 1952 : 9, ;100 103 .84 91 85 1/92 Turkeys raised in:: 1952 : Mil. 5.2 7.1 12.5 11.0 6.0 17.2 59.0 1951 : Mil. : .4.3 6.0 12.3 7.8 5.4 16.3 52.3 Percentage of B.S.W. 2/ turkeys in . total raised : 1952 : Percent: 23.5 18.2 16.3 49.7. 22.7 17.7 24.5 1951 : Percent: 23.6 14.7 14.6 51.0 17.9 14.2 21.0 By breed classifications: standard sizes, 97 percent; small breeds, 77 percent. / Beltsville Small Whites and other small-breeds. Table 6.- Eviscerated turkey; USDA contracts to purchase, for surplus removal from 1952 crop, by States and intended.month of delivery ~: .1952 : .. 1953" : State 1/ : : : : : : Total tate October : November December : January : February : March : : Thous. Thous, Thous. Thous. Thous. Thous. Thous. : lbs. l ibs. lbs. lbs. lbs. Ibs. lbs. California : 1,200 1,596 3,030 809 2,293 150 9,078 Illinois : 74 390' 2,040 38 2,542 Iowa 60 60 Kansas .: 210 60 90 150 360 870 Minnesota : 60 481 2,160 1,681 282 4,664 Missouri : 356 2,553 2,944 210 1,830 300 8,1lj Nebraska : 495. 1,020 1,443 390 1,206 870 5,424 New York .: 28 240 268 North Carolina: 270 930 420 1,620 Ohio 884 60 1,770 150 2,864 Oklahoma 195 480 270 80 1,025 Oregon : 540 953 1,494 330 93 3,410 South Carolina: 60 300 117 477 Texas : 300 1,170 1,530 360 720 510 4,590 Utah : 90 60 90 150 390 Virginia 840 510 360 60 1,770 Washington : 231 630 861 West Virginia : 30 90 210 330 Total : 3 3 9P032 14 761 2,480 14,2 -1 3 .577 48,436 1 State of intended delivery: not necessarily State where grown or processed. - 11 - $3 a, 0 '41 a, 0 e a, a, *p 0 P4I %40 S i 0 1 O O IP S4 < C4) .4 a, a, 0 I 'I a, 0. iI H4 SCO\ uCU 0\ H co \. 0\ amOmiO m o* c-rino-* ko ~~ H 0\mU\Y c W\ n n\o %0 Ur\ W\Do %O %0 Hi cu -* UN! -4 0 H mb CuO * c0 ft ftft 0' (n n 0 Om Cu cu 0 '. Cu \o 0 'cO 0 0j co %o0 r- Ur\H-J-.-*0 o coa ' ta -* n 10'7 r-co 00o 0I O c- Om (- O CU n rpn om H o oH o ir o\o cou n -I ,\ -I 1 0 rH HH H Hr C Oa CO On ru I t u tu- Lr\ o H -I H cHo Cr\oo o00 cuo -WH . . u ur-r-1 0 0oo OAN 0ON m HH Hr-4H '--1 H -co 000 0 r wcu -* m % -* n SOJO ot ON 1 Cu HM 0 c a co -HH C, c C r r;- - t~~~co1If or0ot~nor in In 0\ t-- n wn t-- m -:t 0OH I CUHO o r-iSoc8 o0-m p o CU o C o. 0o Cu UO\H .\0 aO0oH-t 84 - Cou Cj C WNC 0 nH H m m Mr n c-- %10-- tI n t.-C Cr1 1 oI\-6 U i ri -i ,-,i -. r- o -i Hr-,i1- .* -i Cu 0C 01 ONO om O CD\0 0 -i ^ -i A 0 0 r cn -1 A o^ m H H-i CU OOHO ON OH0 rl cm UnC 0-c OHN- o 0H m- \O --o O m 0H curm Smmmmmmmmmm .9t -* I n -i r r- r-I r H iH -4 l e r H l r rpq- , -IH -l ,-l r-| ,-i -i I -i H H H H H-IH H.- HHH H H HH H HH JAN.-FEB. 1953 Table 8.- Turkeys raised, and intentions to raise turkeys, by regions, 1938 to date Turkeys raised : Intentions :Turkeys raised : Intentions :Turkeys raised Intentions : to raise to raise : to raise S : Percent-: turkeys as : : Percent-: turkeys as : Percent-: turkeys as Year : : age of : a percent- : : age of : a percent- : age of : a percent- :Number: previous: age of :Number: previous: age of :Number: previous: age of : year :previous : : year previous year :previous :/ year : / year i:/ year Mil. 1938 : 1.6 1939 : 1.9 1940 : 1.9 1941 : 2.1 1942 : 2.3 1943 : 2.3 1944 : 2.7 1945 : 3.6 1946 : 3.5 1947 : 3.3 1948 : 3.3 1949 : 3.6 1950 : 3.9 1951 2/: 4.3 1952 2/: 5.2 1953 Pct. North Atlantic Pot. Mil. Pct. East North Central 2.2 106 116 2.6 119 127 5.4 111 6.0 113 7.1 117 Pct. Mil. Pct. Pct. West North Central 8.5 117 106 11.4 134 131 11.7 11.2 10.4 9.0 9.8 11.8 11.9 9.6 7.7 10.1 11.1 12.3 12.5 South Atlantic 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 : 2.0 : 2.1 1950 5.5 1951 7.8 1952 I/: 11.0 1953 : South Central 6.2 94 U 6.9 112 1I 4.7 110 5.4 115 6.0 109 Western 6.4 104 8.6 133 8.5 8.9 9.2 10.4 11.7 14.2 11.8 9.6 9.9 13.8 13.2 16.3 17.2 I/ Conmputed from unrounded figures. 2/ Preliminary. - 12 - PES-163 Demand for Commercial Breaking Maintains Egg Prices By mid-February, seasonal lowest level since last summer. about up to the December levels, declines had brought shell egg prices to the Through most of January, egg prices had held despite the seasonal increase in production. A very narrow price spread between the various grades of eggs was characteristic in the first month or 6 weeks of 1953. This was due to the keen demand for eggs for commercial breaking. To early February, New York spot prices for frozen mixed whole egg had not yet declined appreciably from the peak reached in January, and breaking activities were reported to be already well underway in the Midwest. In December, normally a month of very light activity, commercial breaking of 1952 was 3 times larger than a year earlier. It was A percent of the calendar 1952 output. while December 1951 had been f of 1 percent of that year's production. On account of the great activity of breakers in some sections of Iowa, current receipts there were bringing the same price as top graded eggs, and in New York City on some days there was only a 4-cent spread between top and ungraded mixed color Midwestern eggs. Table 9.- Eggs and products: Prices, mid-December 1952 to date, with comparisons Description 1952-53 : Dec. : Jan. : Feb. : Dec. : 15 : 15 : 16 : 15 __ 1951-52 : Jan. : Feb. : Mar. : 15 : 15 : 15 : Cents Cents Cents Cents Cents Cents Cents Shell eggs, per dozen Farm prices: U. S. average 1/ .........: 46.6 Iowa-"mostly" 2/ Top quality ............ 35-36 Current receipts.......: 31-32 Wholesale prices New York: Nearby whites, fancy heavy wts.............: 55= Midwestern, Ig. mixed colors.......... 47 Chicago: Large, white, extras...:49y-50 Los Angeles: Consumer grade A....... 53-55 Future contract prices: Chicago, Sept. delivery: 44.10 Retail prices: U. S. average (BAE) 4/.: 64.2 New York City / .......: 63.00 Frozen egg, per lb. New York, carlots Mixed,whole............ 34-36 Albumen................; 34-36 Yolk.................. : 46-47 y At mid-month. 2/ Friday nearest / Average for month. 5/ Average for Grade A Large and Extra Large. Ic 45.3 33-4o 35-37 52 474-43 45-46 50-51 47.059 67.00 351-361 34-37 46-47 37-38 35-36 51.1 40.5 34.7 34.0 41-43 35-37 48 56-561 441 49 41 44--45 491-50b- 39,-41 62-64 50-51 49.60 48.30 45.00 69.6 58.8 73.00 59.00 35-36 34--37 32-34 32-36 26Y-29 24-26 47 61-62 59-61 32-33 28-29 30-31 28-30 25-26 3/26-28 39 42 351-36 38- 35-361 37-38 43-44 44-45 42.50 42.90 53.0 51.5 53.00 53.00 27-29 19-21 50-52 26%-30 16P-19 50-52 indicated date. 3/ Complete range of prices. week including given date; blown or mixed, -1 - - 13 - JAN.-FEB. 1953 - 14 - Holdings of frozen egg in 35 cities on February 14 were 21 million pounds, which was less than in any other recent year except 1951. In 1951 the stocks were as low as 18 million pounds in February. The 35-city low last year was 31 million. Although the total production on farms has been higher to mid-February .this year than a year earlier, the receipts in 4 markets and at reported coun- try points have been lower. On account of the strong demand for eggs by break- ers and by shippers to areas other than the large northern terminal markets, the large December and January production was not reflected in New York and Chicago receipts. Egg production on farms will.rise to a seasonal peak in March or April, but that peak will be lower than last year's. This is because.there were 4 per- cent fewer potential layers on farms on February 1 than a year earlier. This percentage decline from a year earlier is likely to persist until mid-summer, and it is not likely to be fully offset by a corresponding increase in the rate of lay per bird. Broiler Prices, Placements, Below Year Earlier After having reached a 4-year high in November, United States average broiler prices received by producers declined and in mid-January were about the same as a year earlier. In quoted farm markets the price changes since then have been mostly downward. During the same period last year the price changes were moderately upward. The mid-January and mid-February 1952 prices received by farmers were respectively 28.7 and 29.3 cents per pound. compared with the 25.9 cent average for the 3 preceding months. The price rise helped to stimulate the increased settings of hatching eggs which resulted in record placements in February and March. As a result, broiler chick placements in 11 areas rose to record highs of about 14 million per week fcr 4 weeks in February and March. In some areas, part of the marketing that followed sold as low as 18 cents per pound. This year the mid-January price of 28.2 cents is only slightly below last year, but it has not induced the same response in placements as occurred a year earlier. Despite the reduction in feed prices--the $5 per ton decline from a year ago in Del-Mar-Va mash prices is equivalent to 3/4 of a cent per pound gain in the broiler price--the current price has not boosted egg set- tings. This may have resulted from the fact that prices so far this year are below the 30-cent average for the last quarter of 1952. A year earlier the corresponding comparison seemed more favorable to producers. It does not seem likely that the great bulge in broiler placements that occurred in February-March 1952, will be repeated in 1953. The situation of the past few months, when placements have been larger than in the corresponding months a year earlier, will be reversed. Most of the placements made since the beginning of October 1952 will .be marketed in 1953, and from the beginning of October until February 14 there were 10 million more chicks placed in 11 com- parable areas than had been placed in the corresponding period the year before. But March 1953 placements are likely to fall bel ow March 1952 by an amount that will wipe out a large part of this cumulative increase. As a result, by the end of March the cumulative percentage increase in uhe placement of broilers intended for 1953 marketing will be rather small, and probably in line with the 1952 increase, for which complete data will be available in April. Data so far available for 15 States show that their 1952 broiler output numbered 8 percent more birds than in 1951. These 15 States accounted for 73 percent of the 1951 broiler output, and 74 percent of the 1950 production. PES-163 Table 10.- Eggs: Production on farm and receipts at specified assembly plants and terminal markets, December 1952, with comparisons 1952-53 1951-52 Item Unit . : Dec. : Jan. Feb. Dec. Jan. Feb. : Mar. Apr. Index of farm pro- duction on first of month Dec. 1, 1951=100 I. rerage receipts ?er plant,week ended on first Saturday in month Iowa assemblers and processors Eastern auctions and producers assembly plants..: Pacific coast re- ceiving plants...: Terminal market receipts in week ended on first Saturday in month : :* :* Cases: do. do. Tos: :Thous, : New York ......... :cases Chicago...........: do. Boston ............: do. Philadelphia ......: do. Los Angeles.......: do. San Francisco .....: do. 106 113 123 605 678 864 441 3,222 3,438 435 1,424 1,546 104 90 109 68 62 65 : 29 25 29: 24 21 25: 34 36 35: 17 20 17 100 107 126 138 1i4 677 636 912 1,016 1,091 3,421 2/ 3,118 3,231 2,958 1;433 1;353 3:363 1,564 1,632 90 112 115 16 132 78 63 86 135 24 27 28 27 25 29 32 31 34 29 38 47 41 39 50 19 25 22 21 20 Total,6 markets : do. 276 254 280 : 278 306 323 372 340 r ____ ____ ; __ : :___;___ ______ Number of layers on farms multiplied by eggs per layer. Not available. A, s. - 15 - 3, 1, JAN.-FEB. 1953 .n VI \% a i a r4 0 m -4 ao 0 k -4 0 -4 S.. .. .. 2 0% 0 0 o 4 4- - 54 So o .14 .. V a 0 0 0 r4 0. .-4 I4 -4 -4s w -4 -4 0 0% -4 1" - - 16 - m r4 f-CO O 0. 00-405 0i t q b6 Oi--- i cu 4 3 o o co op6 t-as o o b, o 4 01 4-4. 4 4, 4 c ,io l- 0,, 5 0 ,o o0 0 5 01-, * t-It'rIC0. r4 o01 \ O r.- O 4 i' n 4' O .- I ,fO %4,4 i. c a o n o '0014n mr\- o0 ,.. -4 i-r40t- 0%f-0%o 05 BOf-- *t-U\r4. coIr, t%.* -r,-- 0. ',o i--4o I0 0%00 0 0 ,c,4,,0 1 r- '-f -- 0inIC 0C00 0-W-I00 000 t 00 -,Ii Mn.1 l. 0%-- 0%0)I 0 , .,l o i l. O ,-H- r- H H- r4. 5 CU 01 0 01 0U M0 o05f CM Oi0,cim t0 0 0 r "0%iNi --.0 i U- I.t" -1 -0 01 I0 5O.-CO0 055.10 I 0000IV C00 IqO -U C- t- ci--sC Oin-.OC ,- t' 0 :o m 4 Ou0C- -t- % W CO D C f- 0I a 00100 -01010 011, C05 O- 4 o404 Cw i a;oO 3 .; 0; KinQ Co0. 0%3 c I r nt -,C-, o i0 ni o 0uw OCMal0 -t V0c & MinCht 5 %-0!I0 0 - .... oc, S o, o -a "" 1 g 0o ( .. " co 0 \ 00 1*> 0 aO 0 cNu 0 a 14 1-rt'>100% 0%05 % Oin 0 04- 4 ) 0asu cr4N i cuor' cu 0cu N 0crCA ouomoC o -- --I -4- -4-4-- -4-4- u 0.o4 .* t-0\ 00 a3 a zCO00i t-O M 0%o M MUD 4 CVon qq,4 qqqqq 4 q-4 ,44 s tC o O\ cb cu MID en 00 01 m r *o %ac c. 0- A A ir\ 0;9O 5- .-40 05t0- CU *v tCO I ww n t MN t .t n 54 n0% '00 E-- i t- t Mf 0 CO. ( 3 M% OD 5% CUO tn. 4 S4 --t -4 5 0 5 05 E-0 5\ "-4 on* I 1 %inf-l-f inlOrt ti-l 0 1 rt% 015 01 i0 01 0in% 9% M.-4IC l-0 0.4555 0f.-I a -05 m0 05 0 mr0 I t,,n fM Monn M r-i rlc< o -Ma., re c o cof inm u4 105- of ofrO ii n 0rt tr\m\0 D t- co c--., c1" -4% -40100 0 0 1 in' r54 r4 r4 I rtI 0I0 .-4.-iwn -4050 -40101 -44> r w4 -4 14 r4 r4 M 14 ri -P U * ag A0 04 0 14 S. 0 0 5. 0 a 13. 0 p. a U -I 14 a Sl 0.0 0.0 * 88 3i. all^ - 17 - Table 12.- Weekly broiler placements in specialized areas i/; broiler prices and broiler-feed price ratios, Salisbury, Maryland, 1951 and 1Q52 195 Week Placements, 11 areas ending :___ C___l: pe 2] Weekly CuMulative Jan. 5 12 19 26 Feb. 2 9 : 16 23 Mar. 1 8 : 15 : 22 29 Apr. 5 12 19 26 May 3 : 10 : 17 24 31 Jane 7 14 21 28 Jul 5 12 19 26 Aug.2 : 9 : 16 23 30 Sept.6 : 13 : 20 : 27 : Oct. 4 11 : 18 : 25 Nov. 1 8 : 15 22 29 Dec. 6 13 20 27 Total and: average : Thousands 8,805 9,033 8,905 9,756 9,877 10,642 11,299 11,605 11,321 10,970 11,235 11,596 12,211 12,252 12,267 12,164 12,176 12,159 12,247 31,993 12,152 12,141 11, 826 11,619 11,532 11,450 11,139 11,231 10,956 10,528 10,526 10,288 9,644 9,409 9,312 9,074 9,020 9,171 8,976 8,686 8,721 8,796 9,125 9,414 9,451 9,694 10,219 10,703 10,754 10,828 11,158 10,145 ThouBande 8,805 17,838 26,743 36,49? 46,376 57,018 68,317 79,922 91,243 102,213 113,448 125,o04 137,255 149,507 161,774 173,938 186,114 198,273 210,520 222,513 234,665 246,806 258,632 270,251 281,783 293,233 304,372 315,603 326,559 337,087 347,613 357,901 367,545 376,954 386,266 395,340 404,360 413,531 422,507 431,193 439,914 448,710 457,835 467,249 476,700 486,394 496,613 507,316 518,070 528,898 540,056 550,201 Broiler rice, per : pound, Salisbury Cents 24.2 26.8 25.5 27.8 27.5 28.8 27.9 28.4 28.1 27.3 27.3 28.1 28.0 28.8 29.3 30.1 29.9 30.2 29.h 27.7 27.4 26.3 26.6 28.4 28.6 27.6 27.2 28.8 27.7 28.4 28.4 28.3 28.6 28.1 28.4 28.2 28.5 27.4 26.5 26.0 25.0 24.6 24.0 24.0 24.6 24.7 24.7 23.8 24.4 23,6 23.2 24.1 550,201 : iQ52 : i: Brir : Broller- Placements, 11 areas r r b aeens, : lce, per feed price : Weekly Cuulave u : p-rtio, Se I I llbiu7 a II s b ur7, Broi ler- feed price rat io, Salisbury Lb. feed 4.7 5.2 4.9 5.1 5.3 5.5 5.3 5.3 5.2 5.1 5.1 5.2 5.3 5.5 5.7 5.7 5.7 5.7 5.5 5.2 5.2 5.1 5.1 5.5 5.5 5.3 5.3 5.5 5.3 5.4 5.5 5.4 5.5 5.4 5., 5.4 5.2 5.0 4.8 4.6 4.6 4.4 4.5 4.6 4.6 4.5 4.3 4.4 4.2 4.2 4.4 Thousands 11,916 12,056 10,632 11,554 I2,546 13,299 14,039 14,144 14,067 14,268 13,791 13.135 12,595 12,449 12,271 12,048 12,096 11,535 11,584 11,491 11,210 10,768 10,770 11,231 11,429 11,380 10,862 10,668 10,194 8,668 8,657 9,449 9,349 8,617 8,554 8,865 9,100 9,054o 9,337 9,521 9,892 9,656 10,237 10,384 10,675 10,809 11,249 11,053 11,421 11,691 11,950 10,770 Thjusande 11,9466 24,0.)2 34,634 46,188 58,734 72,033 86,072 100,216 114,283 128,551 142,342 155,477 168,072 180,521 192,792 204,840 216,936 228,471 240,055 251,546 262,756 273,524 284,294 295,525 306,954 318,334 329,196 339,864 350,058 358,726 367,383 376,832 386,181 394,798 403,352 412,217 421,317 430,371 439,708 449,229 459,121 468,777 479,014 489,398 500,073 51o,882 522,131 533,184 544,605 556,296 568,246 579,016 28.) 28.9- 28. ? 28.9 30.3 30.9 29.8 28.8 28.8 26.1 26.0 27.6 27.0 26.9 26.8 26.2 25.8 25.1 22.6 22.0 25.4 24.8 25.6 25.5 25.0 24.7 24.4 27.3 28.5 28.2 28.6 32.1 32.5 33.4 32.5 31.8 33.0 31.2 30.4 29.5 28.7 28.0 28.2 30.6 32.4 34.7 32.9 32.7 33.8 30.9 27.4 n.a. 5.1 579,016 / 11 areas: E. Conn., Del-Mar-Va., Shenandoah Valley (Va. and W. Va.), N. Car. (Chatham Wilkes-Buncombe), Oa., Ark., Texas, Ind., Miss., Ala., and Fla. North Carolina does not include Central-Western areas for which reporting began January 1952. 2/ Dates given are for i952. Entries for 1951 are for corresponding weeks. n.a. Not available. Lb. feed 3.1 5.2 5.2 5.2 5.2 5.5 5.4 5.2 5.1 4.3 4.7 5.0 4.9 4.8 4.8 4.8 4.8 4.5 4.1 4.0 4.6 4.5 4.6 4.6 4.5 4.5 4.4 4.9 5.1 5.1 5.1 5.8 5.8 5.9 5.7 5.6 5.8 5.5 5.5 5.4 5.3 5.2 5.3 5.8 6.2 6.6 6.3 6.3 6.4 5.8 5.1 n.a. JAN.-FEB. 1953 Table 13.- Weekly placements of broiler chicks in 11 specialized areas, 1952, and annual totals, 1951 and 1952 :Del- e: N. Car. : : : : Week : East : : (Chatham :Geor : Arkan- : Texas : Alaba: Miseis-: Florida Indiana ar- Valley W e : eorgia : : ending : Cnn. : Va. I/ (Va..Va.): un : s : ppi: i: : Buncombe 2/):: : Thous. Thous. Jan. 5 : 378 3,323 12 : 347 3,070 19 : 258 2,156 26 : 303 2,739 Feb. 2 : 389 3,389 9 : 477 3,535 16 : 542 3,679 23 : 423 3,729 March 1 : 373 3,847 8 : 16 3,735 15 : 357 3,423 22 351 2,906 29: 308 2,729 April 5 : 381 2,3014 12 : 378 2,446 19 : 354 2,493 26 : 364 2,564 May 3 : 367 2,341 10 : 341 2,490 17 : 367 2,517 24 : 328 2,454 31 378 2,310 June 7 : 332 2,207 14 : 369 2,503 21 : 302 2,519 28 : 315 2,566 July 5 : 351 2,350 12 : 284 2,580 19 : 318 2,371 26 : 246 1,989 Aug. 2 : 219 2,067 9 : 296 2,118 16 : 208 1,992 23 : 210 1,913 30 : 271 2,065 Sept. 6 262 2,105 13 : 228 2,274 20 : 194 2,452 27 222 2,519 Oct. 4 : 195 2,120 11 : 233 2,539 18 : 235 2,652 25 : 265 2,578 Nov. 1 335 2,497 8 292 2,694 15 313 2,752 22 : 377 2,831 29 325 2,882 Dec. 6 : 351 2,979 13 : 274 3,250 20 324 3,382 27 302 3,290 Total 1952 16,630 139,524 Total 1951 15,493 168,973 Thous. 741 738 736 698 873 889 973 998 995 1,016 1,081 1,054 957 985 907 909 932 915 878 854 816 707 823 859 953 851 761 738 835 758 702 747 779 652 660 614 625 615 611 682 574 517 715 817 865 852 893 822 916 938 900 732 42,66 38,936 Thous. 524 623 544 606 649 657 623 683 592 648 647 640 655 671 645 679 650 664 637 6814 680 653 657 681 644 661 654 541 623 496 504 625 560 503 455 500 509 536 531 539 365 360 419 461 462 511 569 579 573 576 600 516 30,362 25,827 ThouB. Thous. Thoua. Thous. Thoue. 2,209 1,284 1,417 471 644 2,294 1,416 1,487 476 642 2,310 1,228 1,411 468 600 2,468 1,281 1,462 497 588 2,503 1,280 1,448 471 645 2,738 1,253 1,580 506 667 2,788 1,385 1,648 575 774 2,926 1,362 1,604 577 772 2,800 1,402 1,666 585 783 2,809 1,292 1,590 611 826 2,792 1,327 1,686 588 788 2,861 1,260 1,590 537 860 2,797 1,260 1,492 547 868 2,788 1,205 1,520 633 955 2,719 1,131 1,499 558 913 2,571 1,123 1,430 643 803 2,574 1,137 1,449 589 786 2,490 1,069 1,360 615 787 2,420 1,113 1,270 583 858 2,446 1,001 1,328 570 811 2,377 860 1,348 577 835 2,366 812 1,227 489 781 2,312 904 1,245 488 775 2,379 939 1,258 500 782 2,390 1,073 1,279 504 747 2,367 1,046 1,317 537 705 2,381 993 1,231 435 746 2,310 959 1,154 416 656 2,179 904 1,113 372 652 1,823 800 722 346 581 1,886 765 903 339 591 2,118 762 1,011 398 580 2,139 868 1,014 466 599 1,874 735 1,027 411 548 1,906 677 986 365 474 2,121 695 978 402 500 1,977 788 1,024 452 508 1,967 577 978 438 545 2,057 667 1,023 446 535 2,176 780 1,022 426 578 2,185 874 1,189 448 678 2,106 714 1,251 464 562 2,198 862 1,242 489 586 2,171 847 1,282 459 549 2,065 792 1,398 524 643 2,126 811 1,319 532 650 2,070 864 1,394 519 675 2,110 854 1,389 505 684 2,o18 996 1,396 557 642 2,105 1,089 1,336 507 671 2,171 1,041 1,356 547 639 2,019 1,022 1,062 516 531 120,752 52,179 67,611 25,974 35,598 100,789 52,244 56,661 19,419 24,804 1/ Del-Mar-Va revised October-December 1951. 2/ Not including CentTal-Weatern Areas for which reporting began January 1952. Thous. 193 216 206 220 231 226 225 241 221 232 242 209 216 215 220 252 202 218 213 203 222 212 205 203 175 179 187 190 183 148 175 189 207 208 220 225 191 201 199 193 221 204 206 229 231 213 227 228 246 252 232 230 11,051 9,051 Thous. 762 747 715 692 668 771 827 829 803 1,093 860 867 766 792 855 791 849 709 781 710 723 833 822 758 843 836 773 740 64 559 5o6 605 517 536 473 463 524 551 525 501 586 591 677 737 709 730 830 675 747 693 758 550 36,902 38,004 - - 18 - - 19 - More Turkeys, Fewer Chickens in Storage Although a record high for the month, the February 1 cold-storage holdings of turkey were lower than the holdings of either December 1, 1952 or January 1, 1953. The February 1 holdings, 142.6 million pounds, included about 18 million pounds intended for delivery to the Department of Agri- culture, or already owned by .the Department and not yet delivered to State and local agencies. After allowance for this quantity, the "commercial" stocks of turkey were only about 5 percent above a year earlier and con- aiderably short of the large stocks held on February 1, 1945 and 1946. (Large stocks also were on hand February 1, 1950, but they included about 9 million pounds of Government-owned price support turkeys.) The usual seasonal pattern for storage holdings of turkey in recent years has been that they rise from a low point about September 1 to a peak about February 1. In each of the last 2 years, this rise has been inter- rupted in December when turkey consumption exceeded current slaughter. Consequently, In each of these years turkey holdings were larger on December 1 than on January 1. However, In each of the past 20 years before this one there has been a large enough into-storage movement during January to make the February 1 stocks the peak for the year. Together with farmers' early marketing of turkeys in 1952, the USDA surplus removal program for turkeys has been a factor in this changed seasonal pattern of turkey holdings. The USDA planned to distribute its stocks promptly upon delivery from vendors. Since over 30 million pounds of turkey were intended for delivery January and earlier, the program resulted In substantial withdrawals from storage. (Vendors made delivery of the turkey while it was in storage.) When contracts under the program were closed in late January, they totaled 48 million pounds of eviscerated turkey, as shown in table '6. From the beginning of this year, the Dairy and Poultry Market News Service has released a weekly report of holdings of turkey in 35 cities, but the report has not been available long enough to permit its use as a basis for making Judgments about total U. S. stocks. As the result of a survey undertaken by the Institute of American Poultry Industries, a breakdown is available of the storage stocks, of turkeys in the United States for September 30, 1952, and January 31, 1953. The breakdowns are: Percent of total holdings, by weight Sept. 30, 1952 Jan. 31, 1953 Eviscerated tom turkeys 26 55 Eviscerated hen turkeys 37 10 Eviscerated broiler-fryer type turkeys 7 1 N. Y. dressed tom turkeys 12 26 N. Y. dressed hen turkeys 18 8 PES-163 JAN.-FEB. 1953 Storage holdings of chicken at the beginning of 1953 were the smal- lest in 4 years, despite the low level of fowl prices. (Fowl are the class of chickens for which marketing is the most seasonal, and accordingly the class for which seasonal trends in storage are most pronounced.) On February 1 the total holdings of chicken l/ were 112 million pounds, com- pared with 177 million pounds one year earlier. Table 16. shows that peak storage holdings of chicken as of total annual production are. declining. A factor in this is ing proportion of the total output which comes from broilers. seasonal variation in the output of this class of chicken than farm chickens. a percentage the increas- There is less there is for The years during and immediately after World War II were exceptions to the trend toward reduced storage of chicken as a percentage of total chicken slaughter. In some of. these years,. distribution of red meats was uncertain and subject to controls, and many users or suppliers sought to assure the availability of substitutes through the storage of poultry. Another exception was the 1947-48 season when chicken prices were un- usually high and supplies of turkey small. Table 13a.- Eggs and poultry receipts by truck and total, Chicago, 1950-52 Shell eggs Frozen egg Poultry, live Poultry, dressed :Percent-: :Percent-: :Percent-: :Percent- :Receipts: age by :Receipts: age by :Receipts: age by :Receipts: age by : : truck : : truck : : truck : : truck 1,000 1,000 1,000 1,000 : cases Percent lbs. Percent lbs. Percent lbs. Percent 1952 Total By truck 1951 Total By truc 1950 Total By truck : 3,858 ,k : 3,724 3,823 ,k : 3,700 a : 3,962 : 3,694 24,685 97 24,094 28,284 97 24,884 20,574 93 19,332 47,256 98 46,715 53,245 88 52,699 63,356 94 62,072 134,291 99 120,004 128,475 99 113,606 117,784 98 97,916 1/ All poultry excluding turkeys and ducks. - 20 - PES-163 - 21 - 'Table' 14.- Turkeys: U. S. storage holdings February 1 as a percentage of preceding year's crop, 1934 to date : Turkeys slaughtered preceding : February 1 holdings of turkey, : year, N.-Y. dressed equivalent: product weight basis 1/ Year :: Percentage : : Percentage of : Percentage of Weight : of previous : Weight : previous year's previouss season's y year : : slaughter storage peak SMillion pounds Percent .Million pounds Percent Percent 1934. : 297 112 20 7 119 1935 : 293 95 21 8 118 1936 .268 95 21 8 87 1937 360 134 4i 11 199 1938 : 345 96 28 8 69 1939 354 103 29 8 101 1940 421 119 65 15 232 1941 : 79 114 65 14 100 1942 : 465 97 60 13 91 1943 : 492 106 38 8 63 1944 : 457 93 48 11 128 1945 : 541 118 74 14 153 1946 : 662 122 135 20 182 1947 : 694 103 14o 20 104 1948 : 588 86 33 14 59 1949 : 510 87 55 11 66 1950 : 691 135 138 20 251 1951 736 107 117 16 85 1952 : 836 114 16 4 100 1953 : 2/925 2/111 143 215 123 i/ For recent breakdown of turkey storage stocks by eviscerated and N. Y. dressed, see p. ; earlier breakdowns not available. 2/ Unofficial estimate. 3/ Peak holdings from 1952 crop vere 158 million pounds on December 1, 1952. ------ --- --- --- 0---- -- ------- ------- - Table 15.- Turkey prices per pound: Eviscerated heavy toms in New York City, and live lightweight Beltsville Small Whites, Shenandoah Valley of Virginia and West Virginia, selected dates, October 1951 to date Date 1/ Season : Oct. 1 : Nov. 1 Dec. 1 Jan. 1 Feb. 1 Mar. 1 Apr. 1 May 1 June 1 Cents Cents Cents Cents Cents Cents Cents Cents Cents a. Frozen eviscerated toms, 16-18 pounds av. wt. 1951-52 62-64 63 64 63-65 56-5' 58-59 58-59 58-59 64 68,-69 1952-53 52-54 54-56 53-57 53-56 53-55 b. Frozen eviscerated toms, heaviest weights quoted 2/ 1951-52 :1/65-66 3/62-64 61-64 4/51-55 14/57-58 /57-58 4/57-58 /64 70-71 1952-53 : 58-60 55-53 53-58 53-56 552-567 c. Live, lightweight Beltsville Small Whites 1951-52 : 38-39 43 41-13 39-40 36-38 37-39 38-39 35 35 1952-53 : 36-37 37-38 37-38 42 40-o i/ When given date was Saturday, Sunday, or a holiday, or quotation was otherwise unavailable, first business day thereafter. 2/ Over 24 pounds, unless otherwise noted. 3/ 22-24 pounds. / 20 pounds and over. Source: Producer's Price Current. JAN.-FEB, 1953 Table 16.- Chicken: U. S. peak storage holdings as a percentage of total slaughter, annually, 1932 to date Peak h eason Quantity Million : pounds 1932-33 1933-34 1934-35 1935-36 1936-37 1937-38 1938-39 1939-40 1940-41 1941-42 1942-43 1943-44 1944-45 1945-46 1946-47 1947-48 1948-49 1949-50 1950-51 1951-52 1952-53 92 103 110 87 148 92 110 109 140 161 160 189 195 244 184 225 119 160 163 190 124 holdings l/ : Peak holdings : Total chicken : : Month : slaughter : age of percent : reported : : age of annual S, slaughter Million pounds Percent January do. do. do. do. do. do. do. do. do. December February December January do. do. December January do. December do. 2,465 2,572 2,392 2,297 2,392 2,273 2,214 2,458 2,514 2,789 3,241 4,135 3,903 4,154 3,639 3,479 3,288 3,830 4,061 4,557 2/4,750 4 4 52/3 _/ Specifically, total poultry excluding turkeys and ducks. 2/ Product weight: breakdown between N. Y. dressed and eviscerated not available. 3/ As of the first of the indicated month. _/ New York dressed basis, for the calendar year in which the indicated season began. 2/ Unofficial estimate. - 22 - PES-163 _-.__arit for Poultry Products Lowered b_ Shift in Computati.on In January, the "transfitonal" parity price for eggs was dropped 5 more percentage points, from 15 percent of the old parity to 80 percent. This was down according to the provisions of the Agricultural Adjustment Act of 1948, as amended by the Agricultural Adjustment Act of 1949, which specifies that the transitional parity price related to the "old" formula is to be reduced by 5 percent for each calendar year since January 1, 1949. Table 17.- Prices received by farmers for eggs, chickens, and turkeys, relative to the general level of prices received by farmers, 1940 to .date, and example of derivation of adjusted base prices for parity conputation : : Average prices received by Prices Average prices received by farmers for poultry products, received farmers for poultry products, b. former puryes: divided by index of prices by farmers poultry products : received for all commodities Year for all ::- - commodi- Eggs, chken Turkeys,: Eggs, chickens, : Turkeys, ties 1 per e 0 per per : per :(1910-l4=100i dozen per pound dozen pound pound : Percent Cents Cents Cents Cents Cents Cents a. Annual averages 1940 3941 1942_ 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1940-49 1941-50 1942-51 1943-52 100 123 158 192 196 206 234 275 285 249 256 302 288 202 218 235 2483 19.1 25.0 31. 4 38.7 33.3 39.0 39.2 46.4. 4-3.0 45.4 36.9 47.9 41.9 36.6 * 38.4 40.7 41.7 14o. 16.3 19.7 25.3 25.2 27.1 28.3 28.2 32.4 27.2 24.3 27.3 26.1 14.0 16.8 21.6 29.6 31.6 33.3 33.2 31.9 41.0 33.0 31.5 35.9 33.3 19.1 20.3 19.9 20.2 17.2 183.9 16.8 16.9 16.8 18.2 15.9 14.5 14.0 13.3 12.5 13.2 12.9 13.2 12.1 10.3 11.4 10.9 9.7 9.0 9.1 b. 120-month averages 24.2 25.4 26.5 27.2 29.1 30.9 32.8 34.0 * 18.1 17.6 17.3 S16.8 12.0 11.7 11.3 :11.0 14.0 13.7 13.7 15.4- 16.1 16.2 14.2 11.6 14.4 15.3 12.3 11.9 11.7 14.4 14.2 14.0 13.7 jf Including allowance for wartime subsidy payments. 2/ The 10-year averages appearing in these 3 columns correspond to the base prices [for the computation of "modernized" parity for the year after the last year in- cluded in the respective averages. "Modernized" parity is the base price multiplied by the parity index. For eggs, "modernized" parity was not yet applicable in January 1953; the effective parity price then was the transitional one. - 23 - JAN.-FEB. 1953 - 24 - Parity for eggs will be shifted from the transitional to the "modernized." basis whenever the figure as computed by the modernized formula.is.higher than the transitional figure. -The transitional parity price in mid-January was the. same as the modernized parity price would have been. Any wideningg of the gap between the respective indexes of prices paid.by.farmers 1/ used. to compute these 2 parities would raise the .modernized. parity higher than the transitional.. Fromnthen on, the modernized-one would be the effective one. In.mid-January the Unrevised Index was 276 percent of 1910-14, whiie Prices Paid (Conmodities and SServices, Interest, .Taxes, and Wage .ates) was 282.. S gg prices.in mid-January were .101 percent othe new current transitional parity price. This was the first month since October 1946 that U. ,S: average egg prices received by farmers had reached parity. (In May 1951 the percentage wa&.98.) Except for possible changes in the two Iniexes of prices.paid by farmers from the mid-January levels, the U. S. monthly average farm prices for-eggs from mid-February through mid-April that would equal parity would be-41.2 -cents per dozen. 2/.From February *'through pril. 1952, .prices received by farmers averaged 34.6 cents per "dozen. Although egg prices are likd'y to'average higher this spring than *last, they are.not :likely to be substantially above the parity level during these months. The adjusted base period prices for chickens and turkeys to be used in computing 1953 parity prices for these commodities, are lower than the bases used. last year. This is despite the fact that the 1943-52 averages of both chicken and turkey prices were higher than the 1942-51 averages. The downward adjustment occurs because the percentage rise in the average *prices of these commodities for 1943-52, as compared with 1942-51, was smaller than the increase in the index of prices received by farmers for all products. (See table 17.) * Rew-Development in Broiler Marketing Broiler auctions have become popular in several specialized producing areas in the last few months, following the initial success of the Eastern Shore Poultry Growers' Exchange which had its first auction near Selbyvilla, Delaware in June 1952. Poultry has been sold .before by auction, but the method employed by the Selbyville Exchange, by its counterparts in Goshen, Indiana, and Broad- way, Virginia, and contemplated by the projected market for Gainsville, Georgla, is novel in.that the chicken are notbrought to a central point for sale. Instead, the flocks simply are listed a day or more in advance of the auction. Prospective buyers visit and appraise the flocks in which they may be interested, and then bid at the auction held at the Exchange or Market headquarters. 1/ For transitional parity, the Unrevised Index of Prices Paid, Interest, ani Taxes; for modernized parity, Prices Paid by Farmers for Commodities and Services, Interest, Taxes, and Wage Rates. 2/ For February, March, and April, the factor for seasonally adjusting monthly egg prices is steady, at 87 percent of the 12-month average. J PES-163 - 25 - Since the services of the Exchange or auction do not involve trans- portation of the birds sold, and the organization has no responsibility for grading or otherwise handling the birds, the costs of operation are low. The Selbyville Exchange charges $1.00 per thousand birds in the flocks listed for sale through its facilities. The fee stands whether the producer accepts the highest bid, or elects not to sell. The establishment of this type of market tends to promote an open exchange of information between buyers and sellers, since both the quan- tities offered and the prices bid are clearly shown. When a large part of an area's output is sold in such market, as is the case on the Eastern Shore, the price-making process operates on a basis which should serve to force the price differentials (between lots sold on the same day) to actu- ally reflect differences in their worth, on account of quality or other characteristics. The Exchange or auctions also serve to prevent misunderstandings between buyer and seller over the conditions of a deal, since the organi- zation prescribes standard terms for the transfer, including such matters as pickup date and weighing method, and exceptions must be explicitly agreed upon. Also, the managements of the Exchange investigate the credit status of buyers, and accept bids only from those able to assure prompt payment to producers. These marketing agencies are typically set up as non-profit organizations. The impetus toward their organization usually comes from people in the trades serving the broiler industry, as well as from broiler growers themselves. The tables following indicate the large volume achieved by the Eastern Shore Exchange during the months it has been in operation, and indicate the prices paid there in comparison with those quoted for the Del-Mar-Va area as a whole (including sales at the Exchange). However, the difference between the Exchange and over-all prices should not be construed as indicating higher average net returns through the Exchange than otherwise; there is no indication as to whether or not the average quality of Exchange-sold birds might have exceeded that of those sold otherwise. Daily sales over the Selbyville Exchange have been scheduled for Monday through Fridays, holidays excepted. At Goshen, Indiana, sales have been held twice weekly since the system was begun in October 1952, and the Broadway, Virginia auction began on January 9, 1953, also intend- ing to hold semi-weekly sales, but initially holding only weekly auctions. JAN.-FEB. 1953 Table 18.- Broilers: Weekly sales over the Eastern Shore Poultry Growers' Exchange, Selbyville, Delaware, compared with total Del-Mar-Va Smarketings, June 1952 to date : Volume of broilers Total Week : Number of birds :marketlngs of. : Lots : : : broilers on nding : Offered : Sold : Del-Mar-Va S : : : peninsula Number Thousands Thousands Thousands .June 28 -: July 5 12 19 26: : Aug, .2;, .9:': . 16 23 30 Sept. 6 13 20 27 Oct. 4 : 11 18 25 Nov. 1 8 : 15 22 29 Dec. 6 13 20 27 : L953 Jan. 3 10 17 24 31 88 192 143 98. 119 142 141 119 122 115 171 114 120 94 93 85 56 n.a. 56 53 n.a. n.a. n.a. 101 80 n.a. 140 124 114 89 127 n.a. 116 1,076 423 1,741 1,205 1,013 1,135 S:1,520 1,813 1,143 1,020 979 1,453 980 1,234 850 735 712 n.a. n.a. n.a. n.a. 673 658 n.a. n.a. 71 n.a. 844 1,109 n.a. 911 n.a. n.a. n.a. 763 306 1,490 1,109 841 959 1,270 1,369 913 882 957 1,336 926 948 767 643 665 531 678 497 518 622 658 1,003 994 660 604 1,205 1,030 1,102 756 1,082 1,058 1,070 19 52 3,;146 2,858 3,197 3,275 S 2,7144 2,815 '2,6714 2,517 2,410, S 2,438 2,2914 2,717 2,198 2,420 2,465 2,479 2,582 2,312 2,210 2,066 1,962 1,780 1,311 2,038 2,136 2,106 1,695 1,895 2,441 2,517 2.459 2,651 : Exchange sales :as a percentage : of total : marketing : on Peninsula Percent '24 11 34 31 ** 3? 47 54 38 36 42 49 42 39 31 26 26 23 31 24 28 35 S50 49 47 31 36 64 42 44 31 41 42 40 1 Feb. 7 14 1/ Through October 13, lots offered; thereafter,lots sold. Lots offered but not sold may be re-offered within the same week. n. a. Not available. - 26 - :* :* PES-163 - 27 - Table 19.- Typical price quotations per pound (live) for broilers sold over the Eastern Shore Poultry Growers' Exchange and for all sales on Del-Mar-Va Peninsula, selected dates, November 1952 to date Eastern Shore Poultry Growers' Exchange I Descrip-: : Price tion of :Quantity: : chickens: (head) : Complete : "M chickens range . Number Cents Date Nov. 3 Dec. 2: Jan. 2: 59.500 14,000 31,500 31-32- 31-33 31 31 3/ -35 28-34- 31t-36- 26-23 3/4 27-30 27--29c1 271 25 3/4-271 26 -27T 25 3/4-28 : All sales on ./ : Del-Mar-Va Peninsula 2/ : Price Weight : : stly" : class : Complete : "Mostly" range Cents Cents Cents All weights All weights 2IL-28 3/4 23 -29 Under 3 lbs. 3 lbs. and over Under 3 lbs. 3 lbs, and over 31-33 31-365 26-29 27-302- 25-27 26-2,- 32-32- 33-34 27-23 28-28k 27-27- 2c~-271 The Producer's rice Current. Federal-State Market News Service. 23,500 3,ooo 8,000 4,000 85,600 125, CO' 96,2CI0 79.000 145.500 39,200 5,000 Feb. 2: * Crosses Reds Whites Crosses Reds Whites Crosses Peds Whites Mixed Crosses Reds White 1/ Source: 2/ Source: JAN.-FEB. 1953 '* Table 20.-.Distribuatlon of egg production on'farms by half years, ...by States. and regions, 1952 (data for cover chart) State and region Maine N ew Hampshie .. . Varmont Maesachusetts Rhode Island Connecticut New York New Jersey Pennsylvania North Atlantic Ohio Indiana Illinois Michligan Wisconsin East North Central Minnesota Iowa Missouri North Dakota South Dakota Nebraska Kansas West North Central Delaware Maryland Virginia West Virginia North Carolina South Carolina Georgia Florida South Atlantic Kentucky Tennessee Alabama Mississippi Arkansas Louisiana Oklahoma Texas South Central Montana Idaho Wyoming Colorado New Mexico Arizona Utah Nevada Washington Oregon California Western UNITED STATES Egg production on farms Jan.-June : July-Dec. : Total .Mil. eggs Mil. eggs Mil. eggs . 325 338 663 -- 21& 217 435 ..89 80 169 463 462 925 54 53 107 313 330 643 1,234 1,134 2,368 1,261 1,242 2,503 1,971 1,712 3,.683 : Percentage distribution : of annual production : Jan.-June July-Dec. Percent Percent S 49' 51 50 : 50. 53 1 47 50 50 50 50 49 51 52 48 50 50 54 46 5,928 5,568 11,496 52 48 1,532 1,263 2,795 55 45 1,557 1,201 2,758 56 44 1,788 1,345 3,133 57 43 899 697 1,596 56 44 1,226 999 2,225 55 45 7,002 5,505 12,507 56 44 2,190 1,661 3,851 57 43 2,796 2,067 4,863 57 43 1,568 1,015 2,583 61 39 : 353 241 594 59 41 : 765 485 1,250 61 39 : 1,064 694 1,758 61 39 1,155 771 1,926 60 140 : 9,891 6,93. 16,825 59 41 : 81 57 138 59 41 : 303 212 515 59 41 : 667 482 1,149 58 42 : 279 201 480 58 42 : 791 545 1,336 59 41 277 185 462 60 40 : 489 339 828 59 41 : 216 161 377 57 43 3,103 2,182 5,285 59 41 : 731 : 606 : 443 : 381 : 1430 : 236 : 696 1,152 5: 275 : 143 : 1149 : 59 : 243 : 69 : 146 : s245 : 15 *: 421 : 313 : 1,870o : 3,573 : 3,772 = = 513 417 289 268 265 149 427 1,169 3,497 111 122 46 169 46 33 196 12 361 239 1,680 3,015 26,701 = = 1,244h 1,023 732 649 695 385 1,123 2,921 8,772 254 271 105 412 115 79 441 27 782 552 3, 550 61,473 60 -' 41 41 39 41 38 39 38 40 40 45 44 41 40 42 44 44 46 43 47 46 43 = r= - 28 - 54 PS-163 Index of Special Articles, Features, and Other Selected Items, Poultry and Egg Situation, 1952" Item Broilers veekly placements by areas, 1951, and weekly prices and ratios, Del-Mar-Va Canada Egg production, egg price support system Cansus of Agriculture, 1950 - Comparisons with BAE data Chickens: Breed distribution of hatchery supply flocks Distribution of flocks on farms, by States Intentions to raise, 1952 Raised: relation to changes In weighted egg - feed price ratio pullete on hand following Jan. 1 Chicks and young chickens on farms during growing season: relation to pullets ca hand following Jan. 1 Chick purchases composition, sexed and straight-run, 1943-52 Consumption, per capital - eggs, chickens, turkey Dried egg: dispositioL of USDA stocks Eggs, USDA surplus removal program, 1952 Feed price outlook Feed concentrate distribution among livestock enterprises, 1950-51 1951-52 Frozen egg products, yolk, albumen: values separated and mixed Futures trading, eggs summary of monthly prices for 1952 Income, gross, 1051, to farmers from eggs and poultry Outlook, 1953 Income, Demand, Springtime egg prices, Egg production, Chickens to be raised, Broilers, Turkeys Storage of eggs, Feed prices Parity: Annual changes in computation Issue Ho. 158 162 158 157 157 160 159 160 161 157, 159, 160 159, 160 162 157 162 160 162 159 161 162 Item T Parity: Factors for seasonal adjustment of monthly egg prices Poultry conversion factors and shrinkages, by species and class, from live to dressed and ready-to-cook Poultry meat prices comparleone with other meats and livestock Price control, minimum levels for maximum price ceilings Price ratioa, poultry and eggs/feed Prices, eggs: seasonal variation by sizes monthly factors for seasonal adjustment Production and value: eggs, chickens, broilers, turkeys: 1951, by states U. S., annually, long time series Pullets saved per 100 chicks started Season of hatch, for laying flock replacements Storage holdings: eggs, shell and frozen, weekly stocks during Into-storage reasons, 1966-51 Poultry, monthly holdings and movements, Jan. 1951 - July 1952 Storage, eggs; outlook for 1953 Supply of eggs, seasonal variation by size Turkeys: breed distribution of hatchery supply flocks Intentions to raise, 1952 Palsed, and related factors, available data, 1929 to date Scheduled deliveries to USDA under 1952 surplus removal program World egg production, 1951; 1952 chicken numbers * The last preceding index, covering 1950 and 1951, was published in the Jan.-Feb. 1952 Iseue. + Issue 157, Jan.-Feb.; 158, Mar.-Apr.; 159, MaI-June; 160, July-Aug.; 161, Sept.-oct. (Ann'1l Outlook issue); 162, Nov.-Dec. - - esue No.* 16o 157 162 157 159 162 160 159 159 160 162 157 160 162 162 162 157 157 162 U. S. Department of Agriculture Washington 25, D. C. OFFICIAL BUSINESS BAE-PES-163-2/53-4400 PERMIT NO. 1001 UNIVERSITY OF FLORIDA I III I1 111III II I IIl 11tII Penalty for private 3 1262 08904 0074 payment of postage $300 UNIVERSITY OF FLORIDA LIBRARY DC: L.2TS DEPT. 5-16-49 FNS-6 GAINESVILLE, FLA. |