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Egg prices are crashing
by 8DonCo Mon May 15, 2023 6:44 pm
For months and months, the price of eggs was soaring. Now, they’re going splat.
As of last week, Midwest large eggs — the benchmark for eggs sold in their shells — cost just $0.94 per dozen in the wholesale market, according to Urner Barry, an independent price reporting agency. That’s a sharp fall from $5.46 per carton just six months ago. (In retail, prices are well above $1 per carton, though they too have been declining.)
Why the decline? It’s because of a reversal of supply-demand trends that caused prices to spike in the first place.
Last year, deadly avian flu wiped out a significant number of egg-laying hens, reducing egg supplies. On top of that, farmers had to deal with inflated feed and fuel costs.
The disruptions gave producers like Cal-Maine Foods (CALM), the largest US egg distributor, cover to hike prices way up and rake in huge profits.
But now supply is back on track: Though the industry braced for more cases of bird flu this year, the deadly virus seems to be under control. Meanwhile, demand hasn’t kept pace.
The wholesale price drop began in late March, according to Karyn Rispoli, senior egg market analyst at Urner Barry. Prices hit annual lows in early May and have stayed about steady since then, she said.
As of last week, Midwest large eggs — the benchmark for eggs sold in their shells — cost just $0.94 per dozen in the wholesale market, according to Urner Barry, an independent price reporting agency. That’s a sharp fall from $5.46 per carton just six months ago. (In retail, prices are well above $1 per carton, though they too have been declining.)
Why the decline? It’s because of a reversal of supply-demand trends that caused prices to spike in the first place.
Last year, deadly avian flu wiped out a significant number of egg-laying hens, reducing egg supplies. On top of that, farmers had to deal with inflated feed and fuel costs.
The disruptions gave producers like Cal-Maine Foods (CALM), the largest US egg distributor, cover to hike prices way up and rake in huge profits.
But now supply is back on track: Though the industry braced for more cases of bird flu this year, the deadly virus seems to be under control. Meanwhile, demand hasn’t kept pace.
The wholesale price drop began in late March, according to Karyn Rispoli, senior egg market analyst at Urner Barry. Prices hit annual lows in early May and have stayed about steady since then, she said.
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8DonCo
Re: Egg prices are crashing
by LoveStory08 Tue May 16, 2023 11:52 am
An trung nhiều qua bị high cholesterol! 
LoveStory08
VnnD
Re: Egg prices are crashing
by saurieng2016 Tue May 16, 2023 1:24 pm
VnnD wrote:Price at the market still high.
thì lúc lên giá thì lên ào áo, chừng xuống giá thì cũng phải chờ từ từ chứ
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saurieng2016
Re: Egg prices are crashing
by nhatrangdep Tue May 16, 2023 2:14 pm
nhiều cái nó lên nó đứng luôn không chịu xuống
nhatrangdep
Re: Egg prices are crashing
by Cuom Tue May 16, 2023 7:10 pm
Mong là giá trứng sẽ xuống lại $0.99 như hồi xưa. Tuấn rồi đi chợ trứng on sale $1.70, tui mua 3 vĩ luôn, nhà tui ăn thích ăn trứng lắm, tui ngày nào cũng bới 2 trứng mang theo ăn lunch.
Cuom
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