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Avian flu outbreaks in Iowa and Minnesota have culled over 6 million birds in the last 30 days, pushing US retail egg prices to an average of $2.56 per dozen large eggs last week. USDA forecasts egg prices rising 62% in the second quarter of 2024.
Officials say the risk to the public remains low.
Mass culling reduces laying hen numbers and drives egg prices higher, with the forecast increase signalling a sustained supply squeeze. Lower layer flocks reduce demand for layer feed over the coming months.
iowaagconnection.comJun 21, 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.
