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NPR reports that egg prices are expected to be more than 35% higher in early 2018 than a year earlier, based on USDA Economic Research Service forecasts of $1.06 to $1.12 per dozen. Demand is at a 38-year high per capita, and avian flu outbreaks abroad have reduced supply in several countries.
Strong demand and foreign supply losses support egg prices near term, while expanding US layer flocks may cap gains later in the year. Feed demand from layers is likely to remain firm in the short run.
npr.orgAmy MayerJan 4, 2018Not 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.
