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The USDA's June WASDE lowered its US egg production forecast after avian influenza was found in commercial layer flocks in Michigan, Texas and Iowa. The agency expects higher egg prices to persist into the first half of 2025.
It also projects robust broiler output on higher bird weights.
Lost laying hens cut egg supply, which supports higher egg prices into 2025. Broiler supply is not affected, so the impact is concentrated in eggs rather than poultry meat.
dairyreporter.comJane ByrneJun 13, 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.
