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US wholesale egg prices fell below $0.99 per dozen, their lowest level since May 2023. The decline followed a brief avian flu rebound that faded as layer flocks recovered faster than expected and inventories rose to annual highs.
Weak retail and export demand left excess supply to be cleared in thin year-end trade.
Ample egg supply reduces demand for alternative proteins and poultry feed at the margin, but eggs are not a major feed-grain driver and the move is mostly a routine price update.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.