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Michigan State economist Bill Knudson says USDA may be underestimating the food-chain effects of avian influenza. HPAI and facility fires cut nearly 40 million commercial egg layers in 2024 across 12 states.
Wholesale prices for large white eggs peaked at $5.75 in late December.
Losses of layers spread through the food supply, raising costs for egg-based products. The effect on feed-grain demand is small compared with the effect on egg supply.
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.