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Egg prices in the US tripled in three weeks as coronavirus panic buying boosted sales, with Nielsen reporting egg sales up 86% in the latest week. Wholesale Midwest large eggs reached a record $3.09 a dozen, up from $1.03 at the start of March.
Record egg prices and strong retail demand reflect consumer panic buying rather than a feed supply change. Egg producers may restock flocks, which over time would add to feed demand.
poultrymed.comMar 28, 2020Not enough comparable past events yet for a historical read.
Not 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.
