Loading…
Midwest large eggs, the benchmark for commodity pricing, closed at $2.16 a dozen on Friday, down about 37% from late July's record high. Retail egg prices had jumped 47% in July, the steepest food inflation for eggs since 1979.
Easing wholesale egg prices signal that supply is recovering after bird flu losses, which reduces pressure on egg-related feed and protein demand and points to lower prices ahead for consumers.
bloomberg.comElizabeth ElkinAug 15, 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.
