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Iowa Farm Bureau analysis says egg prices have fallen considerably from record highs last fall as supply has grown and demand has weakened. Wholesale margins have stayed stable at about $0.22 per dozen, indicating the decline reflects farm-level supply and demand.
Lower egg prices signal rebuilt layer flocks and softer demand, which trims near-term egg-layer feed demand and is bearish for layer feed ingredients.
iowafarmbureau.comAaron Gerdts, Research Analyst, Decision Innovation Solutions (DIS).May 26, 2023Not enough comparable past events yet for a historical read.
Not 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.
