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US egg prices rose 10% in October 2022, the largest monthly grocery increase, while chicken prices fell 1.3%. The divergence is attributed to a severe bird flu outbreak that killed many egg-laying hens but largely spared meat birds.
Layer losses are tightening egg supply and lifting egg prices, while meat-bird supply is unaffected, so chicken prices are not following eggs higher. Feed-grain costs remain part of the broader cost backdrop.
cnbc.comGreg IacurciNov 11, 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.
