‘No signs of slowing’: US egg prices soar as avian flu rips across farms

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Financial Times 13h ago

‘No signs of slowing’: US egg prices soar as avian flu rips across farms - Financial Times

Quick Summary:

As well, market demand for cage-free eggs had been increasing costs, as each barn contains fewer animals, Lorenzoni said.

The department projected US hens will lay 8.96bn dozen eggs this year, cutting its outlook from last month.

Supermarkets have in some cases kept their retail egg price below the wholesale price as a loss leader, to attract customers to stores, said Smith and at Expana’s Rispoli.“While some price increases have been passed through, they haven’t been significant enough to curb consumer interest,” Rispoli said.