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NBC News reports that US inflation is easing and grocery prices are beginning to relieve shoppers, with eggs having been the largest driver of food inflation after avian flu culled more than 40 million hens. Egg prices have improved considerably in 2023 but remain elevated compared with other grocery items.
Easing consumer food inflation reflects the recovery of poultry supply after bird flu, with no major new demand or supply shock for feed ingredients. The article offers no direct price catalyst for feed commodities.
nbcnews.comJoe Murphy, Jasmine Cui, Randi Selvey, Brian CheungJul 12, 2023Not 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.
