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Avian influenza cases are rising again in the US, and an economist says it is too soon to say whether egg prices will follow. Egg prices peaked at $4.82 per dozen in January 2023 and reached $2.99 in March 2024, and Cal-Maine destroyed more than a million hens in Texas in April.
Single-site outbreaks are less likely to drive a broad egg price spike than in 2023, which limits the demand impact on feed.
baxterbulletin.comMary HightowerUA System Division of AgricultureMay 8, 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.
