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US egg prices are falling from record highs as the industry recovers from a major avian flu outbreak. USDA wholesale quotes for a dozen eggs have dropped to roughly $0.99 to $1.39, far below the earlier spring peak near $5.
Rebuilding layer flocks and easing disease pressure increase egg supply, pushing prices lower; feed buyers may see reduced layer-feed demand pressure only marginally, as flock rebuilding gradually lifts corn and soymeal demand.
npr.orgJoe HernandezJun 6, 2023After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% over 20.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% over 20.
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.
