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USDA data show 79.7 million domestic birds lost to bird flu since early 2022, with about one-fourth of those losses occurring in October through December 2023. Some 20.9 million birds were culled in that quarter, mostly egg-laying hens and turkeys.
Egg prices rose only marginally in 2023 and are forecast to fall 12% in 2024.
The large cumulative losses show how repeated outbreaks constrain poultry supply, but USDA's forecast of lower egg prices in 2024 suggests the market has absorbed much of the impact.
agriculture.comChuck AbbottJan 5, 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.
