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Retail eggs hit their lowest prices in a decade, with May average prices the lowest for that month since 2006. Farmers are reducing flocks by about a million birds a month, and USDA projects egg costs to fall about 6% in 2017.
Lower egg prices reflect oversupply, and flock reductions could slowly tighten supply, which is relevant to feed demand from layer operations.
grocerydive.comSandy SkrovanJul 5, 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.
