Per the U.S. Bureau of Labor Statistics, the average price per a dozen large Grade A eggs is $4.82. The Avian flu outbreak continues to drive prices higher as farmers work to rebuild their flocks.
, the average price per a dozen large Grade A eggs is $4.82. The Avian flu outbreak continues to drive prices higher as farmers work to rebuild their flocks. In 2022 overall, the total number of egg-laying birds lost to the flu increased to 43.3 million birds.
Kevin Bergquist at Wells Fargo said, "As of January 1, 2023, the size of the U.S. laying flock was 306.38 million hens, which is 1.0% lower than the number of layers reported on December 1, 2022 due to another large loss of hens in December. However, January’s number is up 2.5% from the low point of the number of layers reported last year in June 2022 ."Bergquist said the outbreak "could get worse before it gets better, or maybe not if we’re lucky.
He added, "There was another confirmed case of HPAI in the U.S. just announced this week..The industry is hyper-aware of the ongoing current infection risk and is undertaking many additional measures to try and blunt further infections."David Anderson, a Texas A&M professor said, "Wholesale prices are dropping rapidly. For a while in December and maybe early January wholesale prices were higher than retail. That has likely switched with falling wholesale prices.
Bergquist said his guess is that "consumer egg prices could and/or should be comparatively lower now and in the next few weeks."Bergquist added, "How changes in wholesale prices compare to a consumer retail price is usually not a direct one-to-one relationship due to grocers’ promotions and other decisions made at the retail grocery level."
However, with the Easter season on the way, prices could go higher once again. As for a potential bump, Bergquist said, "More than likely, yes. The consumer demand for eggs generally increases around the Easter holiday, and higher demand often results in higher prices."Anderson said, "We’ll see if consumers pull back given the price. It’s likely that a consumer pullback is what’s driving lower wholesale prices.
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