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Wholesale egg prices are poised to fall to $1 a dozen in coming weeks — the lowest level in almost two years — as prices undergo a dramatic retreat from record highs over the winter.
Wholesale prices — which retailers like grocery stores pay to egg distributors — were at $1.22 a dozen as of April 26, according to Urner Barry, a market research firm. Its Midwest Large White Egg price benchmark is a widely cited barometer in the egg industry.
That’s down from a record $5.46 in December and $3.54 around the Easter holiday, both seasonal periods of high consumer demand. In all, prices have decreased by 78% in about five months.
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They could soon dip below $1 a dozen if the trend holds, said Karyn Rispoli, who heads up egg market coverage at Urner Barry. It would be the first time since July 2021.
“It’s been all down [since Easter],” Rispoli said of the wholesale price. “It’s certainly been undergoing a very sharp correction.”
Why egg prices jumped and then fell
Egg prices were a standout in 2022, a year in which inflation was high for many consumer goods and services.
Egg supply was crimped by a historic outbreak of bird flu in the U.S., which killed millions of egg-laying hens. The impact of that supply reduction was exacerbated by the winter holidays, when egg demand typically peaks each year.
Now, there’s been a reversal.
Retailers really have carte blanche to do what they want with their pricing.
Karyn Rispoli
head of egg market coverage at Urner Barry
There haven’t been new cases of bird flu detected at commercial egg farms since December, allowing egg supply to rebound, said Brian Moscogiuri, global trade strategist at Eggs Unlimited, a supplier. Meanwhile, consumer demand is typically weak around this time of year, he…
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