# The price of eggs is dropping after a major spike. Here's why.

> Egg prices are declining after a major spike, with consumers buying fewer eggs after Easter. The USDA reported 387 million egg-laying hens as of May 1, up 5% from a year earlier.

- Date: 2023-06-06 · published 2023-06-06T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/35504-the-price-of-eggs-is-dropping-after-a-major-spike-here-s-why
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A larger laying flock means more feed use over time, a modest support for corn and soymeal demand, though the immediate price effect is small.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-10-18 | [Wheat prices rose sharply after the release of the October USDA report](https://feedsoft.ai/events/44584-wheat-prices-rose-sharply-after-the-release-of-the-october-usda-report.md) | +1.5% | +13.0% |
| CORN | 2024-04-11 | [Here's Why Analysts Are Scratching Their Heads After USDA's New WASDE Report](https://feedsoft.ai/events/30670-here-s-why-analysts-are-scratching-their-heads-after-usda-s-new-wasde-report.md) | -0.4% | +0.8% |
| CORN | 2021-02-04 | [Another surge in the value of FAO Food Price Index in January -](https://feedsoft.ai/events/48657-another-surge-in-the-value-of-fao-food-price-index-in-january.md) | -3.1% | -3.9% |
| CORN | 2019-03-21 | [Milk prices may start moving in the right direction](https://feedsoft.ai/events/60256-milk-prices-may-start-moving-in-the-right-direction.md) | -1.2% | -4.1% |
| CORN | 2021-04-05 | [DDGS prices rise after corn futures limit up  : The Daily Digest](https://feedsoft.ai/events/47719-ddgs-prices-rise-after-corn-futures-limit-up-the-daily-digest.md) | +0.4% | +22.0% |
| SBM | 2023-01-13 | [US soybean crop and oil prices rise after cuts in the 2022/23 MY crop estimate](https://feedsoft.ai/events/37865-us-soybean-crop-and-oil-prices-rise-after-cuts-in-the-2022-23-my-crop-estimate.md) | -6.6% | -3.3% |
| SBM | 2026-07-29 | [Egg and chicken prices are climbing, and that's good news for India's big poultry companies - aviNews, the global poultry magazine](https://feedsoft.ai/events/18507-egg-and-chicken-prices-are-climbing-and-that-s-good-news-for-india-s-big.md) | -2.2% | +1.5% |
| SBM | 2016-05-05 | [Dairy Economic Update: No spring in prices, margin -  \| Ag Proud](https://feedsoft.ai/events/4169-dairy-economic-update-no-spring-in-prices-margin-ag-proud.md) | +6.2% | +22.0% |

## Sources

- usatoday.com: https://www.usatoday.com/story/money/2023/06/06/price-of-eggs-dropping/70290647007/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.