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USDA's chief economist projected wholesale egg prices will fall 26.8% in 2023 at the Agricultural Outlook Forum, with production rising 4% to 9.4 billion dozen and the laying flock partly recovering. The forecast assumes no renewed bird flu outbreaks, and USDA reported a Pennsylvania broiler farm outbreak of almost 100,000 birds.
A projected recovery in layer numbers and egg output points to lower egg prices, while continued HPAI outbreaks in poultry would undercut that outlook.
agriculture.comFeb 23, 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.
