Meat producers Tyson Foods (TSN), Pilgrim's Pride (PPC), & Sanderson Farms (SAFM) seeing weakness following USDA report out last night on Chicken & Eggs; USDA says Egg-type chicks hatched in Feb +6% YoY
- United States egg production totaled 7.62 bln during February 2015, up 1 % from last year. Production included 6.61 bln table eggs, and 1.01 bln hatching eggs, of which 928 mln were broiler-type and 80 mln were eggtype. The total number of layers during February 2015 averaged 362 mln, up 1 % from last year. February egg production per 100 layers was 2,104 eggs, unchanged from February 2014.
- Egg-type chicks hatched during February 2015 totaled 42.8 mln, up 6 % from February 2014. Eggs in incubators totaled 44.5 mln on March 1, 2015, up 14 % from a year ago.
- USDA Report (report out last night -- related stocks showing weakness include: PPC -5.8%, SAFM -3.8%, TSN -2.0%)