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USDA's latest outlook lowered table egg production projections and raised price projections for 2024 and 2025. Avian influenza in October caused the loss of 2.8 million egg layers in Utah, Washington and Oregon.
Egg production has fallen about 3% year over year, and the average retail dozen cost $3.37 in October.
The cut in layer numbers and the slow rebuilding of the flock point to tighter egg supply and firmer prices through early 2025. The impact on feed demand is small, so no feed direction is assigned.
abcnews.comKelly McCarthyNov 22, 2024Not 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.
