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Retail egg orders surged during early COVID-19 panic buying, and USDA reported US egg inventories down 10% over three weeks. Wholesale prices then fell sharply through April as retailers restricted purchases and demand for foodservice eggs weakened.
Egg price swings reflect demand changes in the table egg channel and do not directly move feed grain or meal prices.
wattagnet.comDeven KingApr 29, 2020Not 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.
