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Wholesale egg prices in the Midwest have fallen to 98 cents a dozen, a 62% drop over two years. Retail Grade A large eggs have dropped from a $2.97 high in September 2015 to about $1.33.
Supply has rebounded as hen flocks recovered from the avian flu, while demand has not grown to match.
Rebuilt layer flocks outpacing demand keep egg prices weak, which lowers the value of egg-related feed demand and signals a soft poultry feed outlook.
econlife.comElaine SchwartzAug 1, 2017Not 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.
