- Hen Numbers in Production Almost Unchanged at 329.6 million .
- Increase in Shell Inventory of 1.4 Percent following a 5.3 Percent Decline for the Previous Week.
- USDA Midwest Benchmark Generic Prices for Extra Large, Large and Medium Unchanged Compared to the Past Week.
- Price of Breaking Stock and Checks Unchanged. Both Categories Substantially Below Cost of Production
According to the USDA Egg Market News Reports posted on June 3 rd the Midwest wholesale prices for Extra Large, Large and Medium sizes were unchanged compared to the past week, continuing below production cost. The progression of prices during 2019 is depicted in the USDA chart reflecting three years of data, updated weekly.
The June 3rd USDA Egg Market News Report (Vol. 66: No. 22) documented a USDA Combined Region value rounded to the nearest cent, of $0.46 per dozen delivered to warehouses for the week ending May 27 th and reflects the sharply lower early summer prices during that week despite a lower stock level for three consecutive weeks. This average price lags current Midwest weekly values by one week. The USDA Combined range for Large in the Midwest was $0.41 per dozen, below the cost of production. At the high end of the range, price in the Northeast Region attained $0.49 per dozen. The USDA Combined Price last week was $0.89 per dozen below the three-year average and $0.37 per dozen below the corresponding week in 2018.