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USDA's ERS reports November table-egg production fell 5.3% year over year, with the flock down 5.5%. December wholesale egg prices were the highest on record, averaging 503 cents per dozen, and have been falling since the pre-Christmas peak.
Lower layer numbers keep feed demand weaker than normal, and falling wholesale prices after the holidays suggest softer egg-driven feed buying ahead.
farmpolicynews.illinois.eduKeith GoodJan 20, 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.
