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Consumer Price Index data showed egg prices rose 8.4% in February from January, although they were 17% lower than a year earlier. The increase is attributed to bird flu supply losses and seasonal demand ahead of Easter.
Prices peaked at $4.82 a dozen in January 2023, and about 22 million birds were affected in November through February.
Renewed bird flu losses and strong Easter demand push up egg prices, but the effect on feed grain and meal prices is limited.
axios.comKelly TykoMar 12, 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.
