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Food Dive reports wholesale large eggs have fallen to $0.84 per dozen from a peak above $5, faster than analysts expected. Producers have rebuilt flocks after losing 59 million birds last year, and year-to-date egg sales volume is lower than in 2022.
A rapid rebound in layer numbers reduces egg prices and weakens layer feed demand, a mildly bearish signal for feed grains and meal.
fooddive.comChris CaseyMay 25, 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.
