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Wells Fargo says the egg market is improving ahead of Easter as producers rebuild flocks, with year-over-year layer inventory 15 to 20% lower but rising 1% in February. USDA projects egg prices will fall 26.8% this year while production rises 4%.
Rebuilding layer flocks and projected production gains point to lower egg prices and reduced layer feed demand later in 2023, though residual bird flu risk remains a counterweight.
fooddive.comChris CaseyMar 28, 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.
