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Retail Prices for Eggs, Chicken, Pork, and Beef
The figure below shows the averages for 2020 and the year-to-date (January-August) figures for the retail and wholesale values for eggs, chicken, pork, and beef and the farm values of pork and beef. To date, 2021 has had higher retail prices for all the products except broilers. Retail egg prices in 2021 average $1.60 per dozen, up 9 cents over 2020. Broiler prices average $1.52 per pound in 2021, 4 cents below their 2020 average; the 2021-to-date pork price is $4.33 per pound, 30 cents higher; and beef prices average $6.86 dollars per pound, 32 cents higher. The average farm values of pork and beef are higher so far in 2021 than they were in 2020. With the exception of eggs, wholesale values are higher in 2021 as well.
Poultry/Eggs: Broiler production forecasts were adjusted up in the third quarter and down in the fourth quarter for a net increase in 2021 production from last month. Forecast broiler exports were adjusted down in 2021 after shipments returned to more typical levels in July. Broiler prices were adjusted up on recent data. The third-quarter 2021 table egg production forecast was revised up due to higher productivity of the layer flock, while the 2022 table egg production forecast was revised down based on recent hatchery supply data. Wholesale egg prices (New York, Grade A Large) forecast for third and fourth quarter were revised up. Egg exports have been revised up for the reminder of the year based on robust foreign demand. Turkey production forecasts for the second half of 2021 were adjusted down, reflecting July production data and below-average placement data. Turkey exports were also adjusted down reflecting decreased production expectations. Turkey prices were adjusted up in both 2021 and 2022.