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US table-egg production in July 2022 was 640.7 million dozen, 3.4% below a year earlier, as avian flu cut the laying flock by 5.2%. The Mintec egg price reached 16.6 US cents per egg on September 14, up 19.1% month on month and 120.4% year on year.
Producers are expected to expand output in Q3 and Q4, but 2022 production is forecast 2.3% lower.
Reduced layer numbers keep egg supply tight and prices elevated, which raises costs for buyers of egg-derived and competing protein products. Recovery depends on flock rebuilding, so prices are likely to stay high through the rest of the year.
mintecglobal.comRutika GhodekarSep 21, 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.
