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US egg prices rose 49.1% year over year in November, the largest increase among grocery items, with a dozen Grade A large eggs reaching $3.59 from $1.72. Bird flu killed millions of laying hens in 2022 while chicken meat prices declined because meat birds are less affected.
Lost layer flocks keep egg supply tight and prices elevated into early 2023, while weaker chicken meat prices point to softer demand pressure for broiler products.
cnbc.comGreg IacurciDec 29, 2022Not 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.
