Egg prices have been all over the board this year, but as this week’s Consumer Price Index report showed, inflation is slowing, and they are seeing relief.
Right now, the average dozen of eggs costs $2.66. That’s nearly 14 percent lower since last month’s CPI reported in May. It’s also the largest monthly decline since January 1951. (That was 72 years ago!)
However, egg prices are still higher than average. Just a decade ago, the average dozen cost the consumer just $1.91. Customers are seeing relief from recent “eggflation” now that poultry producers are starting to bounce back from last year’s devastating High-Path Avian Flu (HPAI) outbreak, which was particularly rough on egg-laying flocks.
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We have some good news to share in the world of consumer food! Check out the article below for a couple of exciting headlines from this week.
A look into the future of beef production with insights from Cattle-Fax CEO Randy Blach.
Lower production and higher prices, that’s what the USDA Outlook Board sees for the cattle industry next year.
