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Retail egg prices have risen about 28% over the past year, with a dozen large Grade A eggs averaging $3.20 in August according to the Bureau of Labor Statistics. The rise follows large bird flu outbreaks at Colorado chicken farms in July, and demand is also increasing ahead of the holiday baking season.
Reduced laying-hen supply from HPAI combined with higher consumer demand keeps egg prices elevated, and holiday baking demand could push them higher still. Feed buyers may see weaker layer flock sizes and lower demand for layer feed as producers depopulate birds.
npr.orgAyana ArchieSep 28, 2024After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% 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.
