US egg prices break records over the holidays

Published 2024년 12월 25일

Tridge summary

Record high egg prices in the United States ahead of Christmas, with 10 large eggs averaging $5.67 in the Midwest this week, surpassing the previous record of $5.46 in October 2022. The price increase is due to the growing bird flu epidemic in the country, which has resulted in a 60% rise in wholesale egg prices in November, leading to a anticipated further increase in retail prices in January. The bird flu epidemic has also impacted other animal species and has been the most severe since its confirmation in the United States in February 2022.

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

Original content

Egg prices in the United States are at record highs ahead of the Christmas holidays, international news agencies reported, citing the company for up-to-date market information and comparison of major price indices Expana. In the American Midwest, 10 large eggs cost an average of $5.67 this week, exceeding the previous record of $5.46, recorded in October 2022. Moreover, the upward trend may persist for several more months, after wholesale egg prices rose by 60% in November, and this portends an increase in retail prices in January. According to analysts at the company, the price jump is a consequence of several factors at once, the most significant of which are the growing bird flu epidemic in the United States, which has killed 17 million laying hens and chickens since October, increasing producer costs per unit of production, and increased retail demand ahead of the holidays. This is among ...

Source: Sinor