USPOULTRY Wire Archive - 2/14/2020

USPOULTRY Wire Masthead
The information in USPOULTRY's electronic newsletter is intended to inform our members of current events affecting the industry and is not necessarily representative of USPOULTRY's views on any particular topic.


Blake Farms of North Carolina Recognized for Environmental Excellence by USPOULTRY
Blake Farms of North Carolina, LLC, located in North Wilkesboro, was one of six farms across the United States to receive U.S. Poultry & Egg Association’s Family Farm Environmental Excellence Award during the 2020 International Production & Processing Expo in Atlanta. USPOULTRY sponsors the annual awards in recognition of exemplary environmental stewardship by family farmers engaged in poultry and egg production.

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Membership Spotlight: Aeros, a CULTURA Company
Aeros is a leading market provider of integrated software solutions for poultry financial and flock management. Their mission is to continue this legacy of success by supporting the industry with innovative and intuitive solutions that empower poultry executives to make data-supported decisions to increase the efficiency and profitability of their businesses. More than 30 years of industry expertise, integrity, and commitment to excellence allows Aeros to form partnerships with their customers, anticipating their ever-changing needs and exceeding customer service expectations.

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Sanderson Farms, Inc. Holds Annual Meeting of Stockholders
Sanderson Farms, Inc. announced that it held its annual meeting of stockholders this morning at its general office in Laurel, Mississippi. In the formal business conducted at the meeting, stockholders re-elected five Class A directors for terms expiring at the 2023 annual meeting, and one Class C director for a term expiring at the 2022 annual meeting. Management also reported on the Company’s performance during fiscal 2019 and provided an outlook for fiscal 2020. Re-elected to three-year terms were David Barksdale, Principal, Alluvian Capital; Lampkin Butts, President, Sanderson Farms, Inc.; Beverly W. Hogan, President Emerita, Tougaloo College; Phil K. Livingston, Retired Chairman and Chief Executive Officer, Deposit Guaranty National Bank of Louisiana; and Joe F. Sanderson, Jr., Chairman and Chief Executive Officer, Sanderson Farms, Inc. Sonia Perez, President, AT&T Southeast States, was elected to serve two years remaining in an unexpired term.

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IPPE Exhibitor Spotlight: The Dupps Company
For 80 years, the Dupps Company has been the worldwide leader in providing high-quality rendering equipment and service to the animal byproducts and protein recycling industry. Today, they’re expanding their role — applying their capability and experience to include process systems and service to industries that are key to the sustainability of both the environment and the planet.

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Rabobank Posts EUR $2.2 Billion Net Profit for 2019
Rabobank is making progress on its strategic objectives despite challenging market conditions. In 2019, they posted a net profit of EUR $2.2 billion.

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Todd Rhodes, New General Manager Meyn Americas
Todd Rhodes has been appointed as vice president and general manager Meyn Americas. In his new position, Rhodes will be responsible for the overall development, leadership and execution of the company's operations and commercial goals in North and South America.

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Instilling Pride at Pilgrim’s
When Jayson Penn graduated from Florida State Univ., there was little doubt that his career would be in the poultry industry. In fact, he is the fourth generation of his family to work in the industry. And now, he’s reached a major leadership role. Today, he is president and CEO of Pilgrim’s Pride Global, part of JBS S.A., a Brazilian-owned multi-national food company, one of the largest chicken producers in the United States and Puerto Rico, and the second-biggest chicken producer in Mexico.

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Marel and Bell & Evans Share A Vision
January 2020 marked the conclusion of an important agreement between US premium poultry producer Bell & Evans and Marel. For Marel, the construction of a state-of-the-art greenfield poultry harvesting plant in Fredericksburg, Pennsylvania means one of the largest transactions in company history. It is remarkable that the two companies have very similar values which definitely tighten their partnership. They share the same vision for sustainability, animal well-being and food safety, and they both have their own, willful way of transforming the industry.

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Performance of Philippine Agriculture in 4th Quarter 2019
Although performing marginally better than 2018, Philippine agriculture in 2019 continued to be a drag on an otherwise robust economy. In the last quarter of 2019, agricultural production grew just 0.4 percent, bringing the full-year average to 0.7 percent. Crop production expanded 1.0 percent during the final quarter of 2019 with paddy rice growing 4.7 percent and corn declining 8.2 percent. During the same period, livestock decreased by 8.5 percent, primarily from African Swine Fever driving hog production down by 9.8 percent. On the other hand, poultry production grew by 5.4 percent in the last quarter, as consumers swapped pork for chicken. For the entire 2019, the crops and livestock subsectors contracted 0.8 percent and 1.0 percent, respectively, while poultry gained 5.8 percent and fisheries added 1.9 percent.

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Feed Outlook
Total U.S. corn use is unchanged as 50 million bushels shifts from exports to ethanol. With total supply and use both steady, projected ending stocks remain unchanged at the lowest level since 2015/16. The season average price received by farmers is unchanged at $3.85 per bushel.

The corn exports projections for the United States continue to decline, as expected recent improvements in export sales have been insufficient to reach last month’s forecast, despite an improvement in U.S. price-competitiveness. Corn exports are projected higher for Ukraine, the European Union, and Paraguay with increased demand from Turkey and Brazil. Other changes for corn and other coarse grains are fractional.

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Turkey Hatchery
Eggs in Incubators on February 1 Down 2% from Last Year
Turkey eggs in incubators on Feb. 1 in the United States totaled 27.5 million, down 2% from Feb. 1, 2019. Eggs in incubators were down 5% from the Jan. 1 total of 28.8 million eggs.

Poults Hatched During January Up 3% from Last Year
Turkey poults hatched during January 2020 in the United States totaled 24.0 million, up 3% from January 2019. Poults hatched were up 6% from the December 2019 total of 22.7 million poults.

Net Poults Placed During January Up 3% from Last Year
The 21.4 million net poults placed during January 2020 in the United States were up 3% from the number placed during the same month a year earlier. Net poult placements were up 5 from the December 2019 total of 20.3 million.

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Daily Grain Review
All prices are reported in dollars/bushel, except soybean and corn oil is in cents/lb. and soybean meal is in dollars/ton.

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Shell Eggs (Fri)
This report contains information on the Daily Weighted Average Trailer Load of Egg Sales.

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Processed Eggs (Fri)
All prices are steady. The undertone is steady. Demand is light to moderate. Offerings are light. Supplies are moderate. Schedules are full-time. Market activity is slow to moderate.

Prices in cents per dozen, delivered to breakers, 48 lb. minimum net weight per 30 dozen case, eggs from table egg layers. Packaging may vary.

Breaking Stock: Range: 24-27, Mostly: 24-26
Checks: Range: 11-16, Mostly: 11-15

Daily Southern States Broiler/Fryer Parts
FOB dock or equivalent, iced-packed, prices shown are day of shipment (includes current and prior negotiations), truck lot and less than truck lot volume, cents per pound.

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Daily Northeast Broiler/Fryer Parts as of 11:30
Prices are trending at least steady for tenders; steady for boneless skinless breasts and steady to weak for dark meat items, wings are mostly weak. Trucklot buying activity is cautious and selective as dealers saw no need to extend floor stocks beyond normal commitments entering the weekend. Offerings of tenders are clearing well; breast cuts are moderate and dark meat items moderate to heavy with thigh meat, legs and leg quarters noted in the longer position. Wings are readily available and slow to clear. Market activity is slow to moderate.

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Daily National Turkey Market-At-A-Glance (Thu)
DOMESTIC MARKET HIGHLIGHTS

The market on frozen 8-16 lb. hens and 16-24 lb. toms is steady to firm, strongest for deferred shipments. Demand light to moderate. Frozen processor offerings of Grade A 8-16 lb. hens and 16-24 lb. toms are light to moderate. Frozen 2019 Grade A basted equivalent processor offering prices on a national basis for 8-16 lb. hens are 93.00-101.00 cents FOB and 16-24 lb. toms 93.00-101.00 cents FOB for current deliveries. No trading reported for current shipments while open priced trading was heavy for deferred deliveries.

The market on white trims is mostly steady while tom breast meat and destrapped tenderloins are steady to weak. Demand light to moderate. Offerings of white trims light to moderate, tom breast meat and destrapped tenderloins moderate to heavy. The market on tom bulk parts is steady with steady to weak undertones. Demand light to moderate. Offerings light to moderately heavy, mostly moderate. The thigh meat market is steady to barely steady. Demand light. Offerings mostly moderate. The mechanically separated turkey market is steady to weak, mostly steady with fresh weakest. Demand light to moderate. Offerings moderate. Trading slow to moderate.

EXPORT MARKET HIGHLIGHTS

Trading slow to moderate. The market on thigh meat is steady at best with some buyers focusing instead on competitively priced red meat items, balance of parts and meat items steady to sometimes weak. Demand light to moderate.

Daily National Young Turkey Parts (Thu)
The white trim markets are steady and white meats steady to weak. Demand light to moderate. White trim offerings light to moderate, tom breast meat destrapped tenderloin offerings are moderate to heavy. The 4-8 lb. breasts market is steady at best and institutional sizes steady to weak. The tom bulk parts market is steady to sometimes weak. Demand light to fair. Offerings mixed, mostly moderate. The thigh meat market is steady barely steady. Demand light to moderate. Offerings mixed, mostly moderate. The mechanically separated turkey (MST) market is steady to weak. Demand and offerings light to moderate. Trading slow. For domestic: Grade A non-basted breasts: 8-10 lb. 125, 12-16 lb. 155, 18-20 lb. 155, plant grade basted 18-20 lb. breasts 145, tails 46, fresh MST 17.50-23 pet food cents delivered.

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