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US shell egg wholesale prices are declining while flock sizes keep rising, partly in response to the cage-free trend. Retail demand has been limited since supermarkets ended egg loss-leader promotions.
USDA reported large white shell egg prices down 17%, the lowest since August 2017.
Expanding layer flocks against soft demand point to lower egg prices and limited incremental poultry feed demand.
foodbusinessnews.netMatt NoltemeyerMay 29, 2018Not 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.
