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The Food Institute examines why egg prices rose far more than chicken prices in 2022, despite HPAI affecting both industries. USDA data showed egg prices up 32% year over year versus 14.6% for poultry.
Wells Fargo's Kevin Bergquist attributes the gap to broiler production recovering in mid-2022 while egg supply was hit harder.
Broiler supply recovering while HPAI keeps hitting layers means chicken prices face less supply pressure than eggs. Buyers should expect the price gap between the two proteins to persist.
foodinstitute.comChris CampbellJan 25, 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.
