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The BLS reports that the average US retail price of a dozen eggs fell to $3.77 in June, the third straight monthly decline. Prices have dropped from a March record of about $6.23, following fewer bird flu cases, lower Easter demand and higher imports.
Declining retail egg prices point to improving layer supply, which could gradually lift egg-related feed demand, but the effect on feed grain prices is small.
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.