Egg prices are expected to rise even more - This time it's bird flu and the holidays!
Egg prices have risen steadily over the past two years. The rise in bird flu and the approaching holiday season are combining to make the problem even worse.
Egg prices at grocery stores rose 30.4% in October from a year earlier, according to the consumer price index. Increased demand from holiday cooking makes egg prices even more volatile.
"The holidays are always the highest retail sales season of the year because if you think about your holidays, your baking, your cooking all of that requires extra eggs," said Emily Metz, president and CEO of the American Egg Board.
And the supply of eggs is also in decline. Bird flu, which is spread through wild birds, has plagued farmers and the egg supply since January 2022. The virus has killed 108 million birds since then, and 75 million of them were laying eggs, according to the American Bureau of Agricultural. This has affected 8% of the nationwide supply.
Cases began to rise again last month, with bird flu killing 2.8 million egg-laying birds in the major egg-producing states of Oregon, Utah and Washington. That's an estimated loss of about 60 million eggs, according to a US Department of Agriculture report.
Eggs are one of those products where we see a lot of price volatility at the retail level.
Egg supply has also been revised downward for the first quarter of 2025, the USDA notes, which is likely to keep prices higher. At least some supermarkets are trying to absorb some of the increases for now.
The average cost of a dozen bulk carton large white eggs at the New York wholesale market was $4.23 as of Nov. 15, according to USDA data. Last year around the same time it was $2.43 per dozen, a 54% increase for bulk eggs.
Poll
Hungary's push for Serbia's EU accession talks stalled!
Hungary's view to take accession talks with Serbia to the next stage was rejected by a significant group of European Union countries, making it impossible to......
France's extreme right threatens to topple the government over the draft budget!
French far-right leader Marine Le Pen said on Monday that she could topple France's minority government by the end of the year unless changes are made to the......
"More efficiency with air conditioning than with wood" - Engineer: Import is increasing, it is the business of the moment
From heating with wood, to heaters to continue with air conditioners. The presence of an air conditioner in the room has already become something......
Austria's half-century relationship with Gazprom ends with gas confiscation!
The trigger that ended more than 50 years of gas flows from Russian state energy giant Gazprom to OMV earlier this month was the seizure of Russian gas by......
Parliamentary elections on May 11, 2025? - The proposal of the CEC and SP. The decree of the President of the Republic is awaited
The parliamentary elections in Albania can most likely take place on May 11, 2025. At least this date has been proposed by the head of the Central Election......
Germans, connected to online shopping - This year electronic commerce is expected to reach around 87 billion euros
In just a few years, Germans have become a nation of online shoppers, with most now targeting clothing, food and medicine in the wake of the COVID-19......
Energy storage scheme with pumps - Plant in Koman and Fierza HPPs for increasing energy capacities
Since Albania is highly dependent on annual rainfall for hydroelectric power generation, this vulnerability to weather changes creates significant......
35 million euros for hydrometeorology - Investments in infrastructure for predicting and mitigating climate risks
35 million euros is the value that will be invested for the modernization of the infrastructure for predicting and mitigating climate risks. The Albanian,......
