Egg prices in the US were exceptionally high

Published 2023년 3월 27일

Tridge summary

High egg prices in the US persisted in November and December 2022 due to increased costs in feed, fuel, labor, and packaging, as well as supply issues from avian influenza outbreaks that led to over 58 million birds being culled. The American Egg Board reports a 9% decrease in the national flock, with factors such as fires and cage-free mandates contributing to the supply drop. Despite cooling inflation, experts predict that egg prices will remain high in 2023, though not as high as in 2021, due to ongoing high costs in feed, fuel, and labor. The potential for more avian influenza outbreaks and efforts to prevent supply shocks are key factors in the pricing situation.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As they were in 2021, egg prices in the US were exceptionally high in November and December 2022. This was due to several major factors, and there hasn’t been much change in these factors so far in 2023. Poultry World has the latest on the many factors causing huge increases in the retail price of US eggs and looks at what’s ahead. In November, US consumers started noticing an exceptional increase in the price of table eggs and major media outlets reported that the national average price for a dozen hit US$ 3.59, up from US$ 1.72 a year earlier. At that point, high prices were being driven up to some extent by holiday festivities and baking demands, but most of the price increase was due to the continued upswings in feed, fuel and labour costs (i.e., inflation). In addition, supply was obviously limited due to the widespread outbreaks of highly pathogenic avian influenza (HPAI) across the US. These outbreaks have so far resulted in over 58 million birds being culled. The national ...

Source: Poultryworld