Hatchery Numbers for July and Farmer Sentiment Rebounds
**Hatcheries in the U.S. weekly program set 241 million eggs in incubators during the week ending July 29, down 1% from a year ago.
Average hatchability for chicks hatched during the week was 79.4%.
Hatcheries in Alabama set 34.3 million eggs, down 1% from a year ago.
Hatcheries in Georgia set 35.3 million eggs during the same week, up 2% from a year ago.
**Farmer sentiment rebounded in June as the Purdue University-CME Group Ag Economy Barometer rose 17 points to a reading of 121.
June’s sentiment improvement left the index near the April
reading of 123 after a one-month swoon in May.
Producers report a more optimistic view of the future as the
Index of Future Expectations rose 25 points to 123, while their perception of the current situation was unchanged.
**The Chairman of the House Agriculture Committee plans to release a draft Farm Bill at the end of August.
Representative Glenn GT Thompson told the Hagstrom Report he plans a markup "in mid-September," but only if the leadership has told him what week the bill will be scheduled to come up on the House floor.
The Pennsylvania Republican says, "This farm bill is going to be bipartisan, bicameral, on time and highly effective.