Latest news with #EggMarketsOverview
American Military News
3 days ago
- Business
- American Military News
Pic: Egg prices drop 61% under Trump admin
The price of eggs has decreased by over 61% since President Donald Trump's inauguration in January. The major drop in egg prices comes after egg prices skyrocketed to a historic high in March. According to the latest report from the U.S. Department of Agriculture, the price of white, large shell eggs has decreased to $2.52 per dozen on average across the United States. According to data published by Trading Economics, the price of a dozen eggs was roughly $6.49 on January 21 and over $8.00 during the first week in March. In the U.S. Department of Agriculture's weekly Egg Markets Overview, the agency recently reported, 'Shell egg demand posted a slight improvement headed into the Memorial Day weekend but remained well below average in the continuation of a trend that began during the sharp price increases in late winter.' In a Tuesday post on X, formerly Twitter, House Republicans wrote, 'IT'S NATIONAL EGG DAY. EGG PRICES ARE FALLING — DOWN 61% since @POTUS TOOK OFFICE. EGGCELLENT NEWS. PROMISES MADE, PROMISES KEPT!' House Republicans also shared a picture contrasting the price of eggs in January with the price of eggs after Trump's first few months in office. Last month, the White House celebrated lower egg prices listed in April's Consumer Price Index, saying, 'Egg prices saw the largest one-month decline in more than four decades.' READ MORE: Deadly virus 'nightmare' experience shared by egg farmer In April, Clarify Capital announced a study that indicated that 34% of Americans had 'stopped buying eggs due to rising costs, with many waiting for prices to drop to $5 or less per dozen' and that almost 95% of Americans had observed egg prices increasing significantly. At the time, Reuters reported that the United States had started importing more eggs from Brazil, South Korea, and Turkey due to almost 170 million chickens, turkeys, and other birds being killed by bird flu outbreaks since 2022. The most recent Egg Markets Overview report indicated that the U.S. Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) had 'confirmed 43 outbreaks in layer flocks in 10 states (AZ, CA, IA, IN, MO, NC, OH, PA, SD, and WA).'
New York Post
5 days ago
- Business
- New York Post
Egg prices have plummeted since Trump took office — after hitting all-time high in March
The price of eggs has dropped just over 61% since President Donald Trump took office in January, after spiking to an all-time high in March. The most recent data from the US Department of Agriculture (USDA) shows white, large shell eggs are now $2.52 per dozen nationally. On Jan. 21, that same carton of eggs would have run an American about $6.49, according to data website Trading Economics. Trading Economics shows eggs were over $8 a dozen the first week of March. 'Shell egg demand posted a slight improvement headed into the Memorial Day weekend but remained well below average in the continuation of a trend that began during the sharp price increases in late winter,' the USDA Egg Markets Overview weekly publication said. Back in April, a study by Clarify Capital said over 30% of Americans had stopped buying eggs due to their exorbitant cost. Weaker demand and a lull in new cases of bird flu helped cool prices, analysts said at the time. 3 The price of eggs has dropped just over 61% since President Donald Trump took office after a spike in March. AP Photo/David Dermer 3 Data from the US Department of Agriculture shows white, large shell eggs are now $2.52 per dozen nationally, compared to the same carton of eggs costing about $6.49 in January of this year. AP That same month, Reuters reported that the US had increased imports of eggs from Turkey, Brazil and South Korea in an attempt to increase supplies amid an ongoing bird flu outbreak that has killed nearly 170 million chickens, turkeys and other birds since 2022. Since the outbreak began in 2022, bird flu has affected over 166 million birds, including 127 million egg layers. This equates to an average loss of 42.3 million egg layers per year, or about 11% of the five-year average annual layer inventory of 383 million hens since the outbreak began, according to Bernt Nelson, an economist with the American Farm Bureau Foundation. 3 According to analysts, a weaker demand and a lull in new cases of bird flu helped cool prices. AFP via Getty Images The USDA's Animal and Plant Health Inspection Service (APHIS) confirms that the effects of the outbreak continue today. 'To date, USDA APHIS has confirmed 43 outbreaks in layer flocks in 10 states (AZ, CA, IA, IN, MO, NC, OH, PA, SD, and WA),' the Egg Markets Overview said.
Yahoo
14-05-2025
- Business
- Yahoo
Egg prices drop but remain near historic highs
The sky-high price of eggs dropped nearly 13% in April compared to the records that were set earlier in the year. But the new average price is still high in historical terms. According to the Consumer Price Index released Tuesday, the average price for a dozen Grade A eggs fell to $5.12 in April. That was the first price drop in six months. But avian flu continues to ruin flocks of egg-laying hens and the new lower price is still nearly 80% higher than the same time last year, when that comparable dozen eggs cost an average of $2.86. At the beginning of 2024, eggs cost less than half what they did this April, on average, at $2.52 a dozen. ABC News reported that eggs reached their record high cost in March, averaging $6.23 a dozen. The U.S. Department of Agriculture's 'Egg Markets Overview' last week reported that 'price levels to the consumer have eased considerably from early-year highs but remain at levels not yet conducive to more than normal purchases needs as consumers are slow to adjust to what may be the new near-term norm.' The market overview notes that 31 million birds have been lost to avian flu this year. But the magnitude has decreased, leading to hope that the bird flu outbreak is waning. Newsweek reported that more than 169 million egg layers have been killed as part of the outbreaks since early 2022. 'Any time a bird gets sick, the entire flock is killed to help keep bird flu from spreading,' the article said. It can take a year for the farm to raise new birds that can lay eggs. David L. Ortega, a professor of food economics and policy at Michigan State University, told the Associated Press that egg prices will probably continue to drop in May and June. He said demand, which is high around Easter, eases, which lowers prices. And with fewer bird flu outbreaks recently, the supply of eggs is growing, he said. And per AP, 'The antitrust division of the U.S. Department of Justice is also investigating Cal-Maine Foods, the largest U.S. egg producer, which supplies around 20% of America's eggs. Cal-Maine confirmed the investigation in early April. Ridgeland, Mississippi-based Cal-Maine said its net income more than tripled to $508.5 million in its most recent quarter, which ended March 1.' The price of eggs has prompted a strange variety of reactions, as Deseret News has reported. For instance, in February, as an egg shortage was ongoing and retailers were limiting how many eggs a customer could buy, a small flurry of egg thefts made headlines around the country. In the most egg-straordinary heist, thieves in Pennsylvania stole more than $40,000 worth of eggs — about 100,000 — from Pete and Gerry's Organic Eggs. And in Seattle, thieves who didn't want to shell out cash for eggs visited the Luna Park Cafe in the middle of the night and took about 540 eggs and other breakfast items worth a total of close to $800.
Epoch Times
13-05-2025
- Business
- Epoch Times
Egg Prices Drop in April as Supply Recovers
Consumers finally saw lower egg prices in the grocery store in April, according to a new federal report. In April, according to the Bureau of Labor Statistics' latest Consumer Price Index Summary report, the average price paid for eggs dropped by 10.5 percent. However, the price of the household staple is still up by 49.3 percent from the observation taken in April 2024, according to the same metric. The price and availability of eggs became a major concern in the United States as the average wholesale price of large, white eggs shot higher than $8 a dozen in February. This led to consumers seeing prices as high as $10 per dozen in some regions of the country. Today, according to the Department of Agriculture's latest Egg Markets Overview report, published May 9, the average wholesale price of eggs is down to $3.36 per dozen from the early 2025 high. As for the retail price, the Department's Weekly Retail Egg Feature Activity report, also published on May 9, observed a national average price of $3.07 for a dozen large, white conventionally raised eggs. In a statement, the White House said egg prices had seen 'the largest one-month decline in more than four decades.' Related Stories 5/13/2025 5/6/2025 'Inflation has fallen to the lowest level in more than four years as April's Consumer Price Index smashes expectations for the third straight month in President Donald J. Trump's Golden Age,' the May 13 statement said. According to animal health and agricultural economics observers who spoke with The Epoch Times earlier in 2025, most of the egg price spikes were attributable to catastrophic animal losses caused by widespread outbreaks of highly pathogenic avian flu, or bird flu. Losses are particularly difficult for the egg industry since there is a long span between hatching a new hen and the start of each bird's productive life. In 2025, according to the USDA, about 31.3 million egg-laying hens were lost due to the disease. The losses peaked in late January and February, leading to extremely high egg prices. Since the end of February, the pace of detections—and therefore losses—has fallen sharply. In March and April, about 1.2 million birds were lost. Farmers, as a condition of U.S. veterinary and financial policy, are required to depopulate, or cull, the entirety of their flock if bird flu is detected on the farm. As the U.S. egg industry is composed of many large-scale farms, a single outbreak can lead to more than a million birds being culled. Farmers who do not follow this guidance may not receive indemnity repayments from the U.S. government to help them recover from their losses. As egg prices caught the attention of consumers and the White House alike, Secretary of Agriculture Brooke Rollins promised the USDA would take a new approach to controlling the disease. Nevertheless, the USDA The latest outbreak of H5N1 bird flu began in February 2022 and has continued since. The disease has hit operations in the United States, Mexico, and Canada. Since it is believed to be spread by migratory birds, new infections are highly seasonal based on wild bird migration patterns.
Yahoo
21-04-2025
- Health
- Yahoo
Bird flu has wiped out more than 30 million chickens so far this year
The continued outbreak of bird flu has resulted in the culling of more than 30 million poultry birds across nine states this year. That's about 10 million more than the last quarter of 2024. The loss of egg-laying hens resulted in a national egg shortage, with prices sky high over the first months of the Trump administration. Since then, the cost of a carton of eggs has fallen thanks to decreased demand and falling infections. Last week, the average wholesale price of eggs was $3.13, which is down about $5 from earlier this year. 'You can have all the eggs. You watch, we have too many eggs. In fact, if anything, the prices are getting too low,' President Donald Trump said last week. But, while the Department of Agriculture, which has led the effort to bring down prices, said in its latest Egg Markets Overview that price levels to the consumer have 'eased considerably,' levels 'remain at levels not yet conducive to more than normal purchases needs.' However, bird flu isn't retreating. Ohio just reported its first outbreak since early March. This year, the Department of Agriculture has confirmed 41 outbreaks in egg-laying flocks across Arizona, California, Iowa, Indiana, Missouri, North Carolina, Ohio, Pennsylvania and Washington. Of the 30.6 million birds affected since January, 19.6 million were in caged systems and 11 million were cage free. Since January 2022, 168,621,877 poultry birds have been affected. The majority of the outbreaks this year have been in Ohio, which reported its first human case of bird flu in February and the first known illness involving the D1.3 strain. There have been 13.5 million birds lost in Ohio flocks. Rapid viral spread there has forced Republican Governor Mike DeWine to tell the Trump administration to hasten its bird-flu response. 'One of the things that is clear is that the federal government is really going to have to accelerate the research that is being done in regard to bird flu,' he said last month. Last month, the Department of Agriculture announced a plan costing $1 billion to address bird flu, including $400 million to help speed the process for farmers to clean and repopulate their farms, which usually takes about six months. Agriculture Secretary Brooke Rollins said that relief would happen by the summer. That was before news that people assigned to respond to bird flu had been cut in recent Department of Health and Human Services layoffs, and Secretary Robert F. Kennedy, Jr., announced a strategy to let the virus run wild. Experts said that could only lead to it mutating and put farm workers at greater risk. For now, health authorities assert Americans should not worry. For one thing, there has still been no evidence of human-to-human transmission of bird flu. 'The current risk of bird flu for the general public is low. However, people with close and prolonged, unprotected contact with infected birds and other animals are at greater risk of infection,' the Ohio Department of Health said.
