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Wholesale eggs in the Midwest more than doubled to $2.71 per dozen in the five weeks through March 23, according to USDA data cited by Bloomberg. That is close to the record $2.77 set in August 2015 during the avian flu outbreak.
Analysts attributed the surge to Easter demand and winter storms, while retailers continued to use eggs as loss leaders.
Tight wholesale egg supply ahead of Easter is pushing prices toward record levels, which lifts the cost of egg-based feed ingredients and related poultry economics. Retailer loss-leader pricing may limit how far retail prices pass through.
grocerydive.comCathy SiegnerApr 2, 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.
