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US egg prices have risen 56% year on year to $2.50 a dozen, with the national average up from $1.60. Writers attribute the rise to bird flu, which has killed more than 20 million birds across 24 states, along with higher wheat and corn costs tied to the Ukraine war and US drought.
Higher fuel costs are also squeezing producers.
Higher corn and wheat prices raise the feed bill for egg and meat producers, while bird flu losses tighten egg supply and keep prices elevated.
cbsnews.comOmar VillafrancaApr 11, 2022After 56 past bullish disease events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.6%), and +0.8% over 20.
After 14 past disease events, Wheat (SRW) moved a median -0.3% over 5 sessions (29% higher; middle half -0.7% to +0.5%), and -0.8% over 20.
After 17 past disease events, ULSD / Diesel moved a median -5.8% over 5 sessions (35% higher; middle half -6.3% to +1.2%), and -6.1% over 20.
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.
