Food Business News - May 26, 2020 - 57

Egg Products
Egg and egg product markets continued to stabilize, if not firm slightly, as more
restaurants reopened in May or planned
to reopen in early June. Processors were
cautiously optimistic, not knowing how
consumers would react to relaxed shelterat-home directives across the country.
Orders from the foodservice sector took another tick up last week, but
one egg processor noted that buyers
were careful not to overextend because
they didn't know how strongly business would come back. He said buyers
will reevaluate after the Memorial Day
weekend before placing more orders into
June, and that sales still were well below
pre-lockdown levels.
Liquid and frozen whole egg prices
"were moving back (up) to a justified
price" after liquid whole egg fell to record
lows in late April, the processor said.
Both products tended to reflect changes
in breaking stock egg prices. Liquid and
frozen white and yolk were steady. Dried
egg prices, which have moved little compared with liquid and frozen whole eggs,
also were unchanged.
Total frozen egg supplies on April
30 were up 25% from a year earlier, the
US Department of Agriculture said in its
May 21 Cold Storage report, with white
down 5%, yolk up 139%, whole and mixed
up 21%, and unclassified up 29%. In contrast, total frozen egg supplies on March
31 were up just 5% from a year earlier.

Egg products

Nest run egg prices posted small
gains with offers light to moderate and
demand moderate to good. Breaking egg
prices are expected to hold up if foodservice demand continues to improve and
egg supplies remain tight due to forced
molting or flock reduction.
Processors continued to work more
hours than in April when foodservice
demand was at its lowest, with 40 hours
more common, although some planned
to run less during the holiday week. FBN

- Change from -
May 22
May 15 May 8
Eggs
Delivered, cents per dozen (multiply by 30 for case price)
Nest runs
31.00 @ 35.00
+3.00 +15.00
Checks
22.00 @ 28.00
+5.00 +16.00
Grade A, Large
75.50 @ 90.50
-12.00 -14.00
Grade A, Med.
61.50 @ 69.50
-
+5.00
Dried products - f.o.b. plant, $ per lb
Whole
2.10 @ 2.20
Whites
4.85 @ 4.95
Yolks
2.15 @ 2.25
Blends
(+ sweetener)
...

Cocoa
Cocoa powder prices were unchanged in a continued quiet market.
New York cocoa bean futures were
mixed last week. Nearby pressure in part
came from improved rainfall in the Ivory
Coast, where downpours helped relieve
dry conditions, providing a boost to MaySeptember midcrop harvest prospects.
Cocoa bean arrivals at Ivory Coast
ports from Oct. 1 to May 17 were 1.814 million tonnes, down 5.8% from the same period a year earlier, according to exporters.
Nigeria's midcrop harvest and exports were expected to be weak as cocoa
beans have become backlogged because
coronavirus lockdowns have hindered
farmer and exporter movement, according to trade reports. Nigeria is the world's
fifth-largest cocoa bean producer.
The virus also has cast uncertainty
over global cocoa demand. FBN

Year
ago
17.00
2.00
40.50
39.50

-
-
-

+.05
-
-

2.25
5.05
2.25

...

...

...

Frozen products - less than truckload, f.o.b., $ per lb
Whole
0.50 @ 0.55
+.10
+.18
Whites
0.58 @ 0.61
-
-
Sugared yolks
0.94 @ 0.97
-
-
Salted yolks
0.94 @ 0.97
-
-

0.53
0.61
0.98
0.98

Liquid products - pasteurized, f.o.b., $ per lb
Whole
0.34 @ 0.36
+.03
Whites
0.40 @ 0.42
-
Yolks
0.69 @ 0.71
-

0.28
0.34
0.75

+.19
-
-

Cocoa
$ per lb
Ratios (East coast)
Butterfat ratio N.Y.
Cake ratio N.Y.
Powder ratio N.Y.

- Change from -
May 22
May 15 May 8
2.45
-
-
.74
-
-
.83 @ .92
-
+.01

Cocoa Powder (East coast points) - $ per lb
10-12% Natural
.90 @ 1.00
-
10-12% Alkalized
1.00 @ 1.10
-
Red alkalized
1.05 @ 1.15
-
Black alkalized
1.35 @ 1.45
-
16-18% Natural
1.10 @ 1.20
-
22-24% Natural
1.15 @ 1.25
-
I.C.E. Cocoa Futures - $ per tonne
July
2,394
September
2,352
December
2,312

-5
-23
-9

Year
ago
2.52
.62
.76

-
-
-
-
-
-
-6
-24
-14

.85
.92
.96
1.37
1.05
1.10
2,467
2,462
2,457

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Food Business News - May 26, 2020

Table of Contents for the Digital Edition of Food Business News - May 26, 2020

Food Business News - May 26, 2020 - 1
Food Business News - May 26, 2020 - 1
Food Business News - May 26, 2020 - 2
Food Business News - May 26, 2020 - 3
Food Business News - May 26, 2020 - 4
Food Business News - May 26, 2020 - 5
Food Business News - May 26, 2020 - 6
Food Business News - May 26, 2020 - 7
Food Business News - May 26, 2020 - 8
Food Business News - May 26, 2020 - 9
Food Business News - May 26, 2020 - 10
Food Business News - May 26, 2020 - 11
Food Business News - May 26, 2020 - 12
Food Business News - May 26, 2020 - 13
Food Business News - May 26, 2020 - 14
Food Business News - May 26, 2020 - 15
Food Business News - May 26, 2020 - 16
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Food Business News - May 26, 2020 - 18
Food Business News - May 26, 2020 - 19
Food Business News - May 26, 2020 - 20
Food Business News - May 26, 2020 - 21
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Food Business News - May 26, 2020 - 23
Food Business News - May 26, 2020 - 24
Food Business News - May 26, 2020 - 25
Food Business News - May 26, 2020 - 26
Food Business News - May 26, 2020 - 27
Food Business News - May 26, 2020 - 28
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Food Business News - May 26, 2020 - 30
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Food Business News - May 26, 2020 - 47
Food Business News - May 26, 2020 - 48
Food Business News - May 26, 2020 - 49
Food Business News - May 26, 2020 - 50
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Food Business News - May 26, 2020 - 54
Food Business News - May 26, 2020 - 55
Food Business News - May 26, 2020 - 56
Food Business News - May 26, 2020 - 57
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Food Business News - May 26, 2020 - 63
Food Business News - May 26, 2020 - 64
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Food Business News - May 26, 2020 - 67
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Food Business News - May 26, 2020 - 69
Food Business News - May 26, 2020 - 70
Food Business News - May 26, 2020 - 71
Food Business News - May 26, 2020 - 72
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