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Egg prices are expected to fall faster than previously forecast as US egg farms recover from last year's avian flu outbreak. USDA now expects retail egg prices to drop 9 to 10 percent this year compared with the 2015 average.
Hen numbers are nearing pre-outbreak levels and farm costs such as diesel are holding low.
Rebuilding layer flocks adds supply and pulls down egg prices, which weakens demand for feed used by layers. Lower farm-gate egg prices reduce the margin pressure that followed the flu-driven spike.
ipm.orgHarvest Public MediaOct 31, 2019Not 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.
