Loading…
Congressman Andy Harris held a March 1 briefing with USDA's chief economist and industry experts on rising egg prices, which rose 70% over the past year. Harris noted over 58 million birds have died in the outbreak, including 43 million laying hens, and questioned why a 5% drop in layers produced such a large price rise.
The political scrutiny highlights that bird flu losses have sharply cut layer numbers, but it does not itself change supply, so its direct price impact is limited.
harris.house.govMar 2, 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.
