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NPR reports US egg prices were up 60% in December 2022 year over year, according to the Consumer Price Index. Avian flu is the main cause, and bakeries and other buyers are paying much higher costs.
Retail price strength reflects tight supply from avian flu, which supports the outlook for egg-layer flocks and feed demand but has limited direct effect on grain prices.
npr.orgKendall CrawfordJan 19, 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.
