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The December CPI showed egg prices up 8.9% month over month as producers contend with a spreading avian flu outbreak. USDA reported 11.47 million birds infected in December, up from 8.08 million in November, with another 1.66 million in early January.
Egg prices remain well below their early 2023 peak year over year.
Accelerating bird flu losses in layer flocks are tightening egg and poultry supply, supporting chicken prices and modestly limiting feed demand if flock losses persist.
foodnavigator.comElizabeth CrawfordJan 11, 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.
