Egg prices are finally falling. But they’re about to spike again
CNN
There may be some cracks forming in the egg market.
There may be some cracks forming in the egg market. For the past several months, consumers have been faced with a hard reality: Fewer eggs at higher prices. But in the first week of March, prices for wholesale loose eggs fell by $1.20, averaging about $6.85 a dozen nationally, down 15% from the week before, the Department of Agriculture said in its latest market report. That’s what retailers pay, not consumers – but it’s a potentially encouraging sign and an indication that egg prices could start to fall at grocery stores. “Demand for shell eggs continues to fade into the new month as no significant outbreaks of HPAI have been detected in nearly two weeks. This respite has provided an opportunity for production to make progress in reducing recent shell egg shortages,” the USDA said in its Egg Markets Overview report. On Wednesday, President Donald Trump took credit for falling egg prices. “We got it down, we did a lot of things. We have a great Secretary of Agriculture, and we did a lot of things that got the cost of eggs down, very substantially,” the president said from the oval office Wednesday.
There may be some cracks forming in the egg market.
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