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Reuters explains how H5N1 bird flu has pushed US egg prices to records. About 19.5 million laying hens were killed in January, the most in any month since March 2022.
The average retail price for a dozen eggs reached a record $4.95 in January, up 96% year on year.
Losses of laying hens tighten egg supply and keep wholesale prices high, while fewer layers reduce demand for feed grain and meal. The disease outbreak remains the main driver of price direction.
reuters.comTom PolansekFeb 21, 2025After 175 past bearish disease events, CORN moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 167 past bearish disease events, SBM moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% over 20.
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.
