Latest news with #eggprices
Yahoo
2 days ago
- Business
- Yahoo
Chickens are becoming 3rd most popular pet: Tractor Supply CEO
Tractor Supply Company (TSCO) is expecting high demand for its live chick and chicken sales through the chain's Chick Days promotions. Tractor Supply Company CEO Hal Lawton talks about his company's chicken sales as rising egg prices have been a concerning economic indicator throughout 2025. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
3 days ago
- Health
- Bloomberg
Odd Lots: A Major American Egg Farm Just Lost 90% of its Chickens
Egg prices have come down a lot since their recent record and bird flu has largely faded from the headlines. But the epidemic is still raging and, per one farmer, risks becoming endemic in the US. Glenn Hickman is president of Hickman's Egg Ranch in Arizona, one of the largest egg producers in the US. You might remember him from our series last year, Beak Capitalism, in which we explored some of the thorniest issues facing the US economy through the medium of chickens. Well, news from the Hickman farm since then hasn't been good. A bird flu outbreak has led to the destruction of 90% of Glenn's chicken stock. We talk about the impact on Glenn's business, egg prices, and why the US isn't vaccinating its chickens.
Bloomberg
3 days ago
- Health
- Bloomberg
A Major American Egg Farm Just Lost 90% of its Chickens
Listen to Odd Lots on Apple Podcasts Listen to Odd Lots on Spotify Subscribe to the newsletter Egg prices have come down a lot since their recent record and bird flu has largely faded from the headlines. But the epidemic is still raging and, per one farmer, risks becoming endemic in the US. Glenn Hickman is president of Hickman's Egg Ranch in Arizona, one of the largest egg producers in the US. You might remember him from our series last year, Beak Capitalism, in which we explored some of the thorniest issues facing the US economy through the medium of chickens. Well, news from the Hickman farm since then hasn't been good. A bird flu outbreak has led to the destruction of 90% of Glenn's chicken stock. We talk about the impact on Glenn's business, egg prices, and why the US isn't vaccinating its chickens.
The Independent
6 days ago
- Business
- The Independent
Egg price rise on the cards as bird flu decimates more farms
Hickman's Egg Ranch, Arizona 's largest egg producer, has lost 95 percent of its chickens due to bird flu, potentially raising egg prices. The Arizona Department of Agriculture reported a third commercial farm in Maricopa County had also tested positive for bird flu. Hickman's Egg Ranch CEO Glenn Hickman stated that the company has lost 170 million birds since the bird flu outbreak began in February 2022 and estimates it will take 20 months to fully repopulate the farms. Supply chain expert Hitendra Chaturvedi suggests Arizona 's egg supply could be significantly reduced, increasing prices, while Hickman believes the market impact will be minimal. White House Press Secretary Karoline Leavitt praised President Trump for reducing egg prices, attributing the previous spike to the Biden administration's policies.
CBC
13-05-2025
- Business
- CBC
U.S. egg prices have finally dropped, but record highs aren't over that easy
If you had asked us this time last year whether we'd be breathlessly awaiting the latest report on U.S. egg prices, well, we might have said you'd cracked. Yet here we are, in 2025, where the cost of an omelette has become not just an overall marker of the U.S. economy, but a symbol of frustration over U.S. President Donald Trump's policies. On the social media platform X, for instance, a popular account has asked the same question every single day since Trump's inauguration on Jan. 20: "Has Trump lowered the cost of eggs?" And every day, the same answer: "no." (Sometimes, "nah" or, "nope.)" But now, we breathlessly await today's post (could it be, "Kind of?" "Marginally? "Yep?"), because after months of record-high prices that have left retailers and businesses scrambling, the cost of eggs in the U.S. has finally dropped — relatively speaking. The average price for a dozen Grade A eggs dropped 12.7 per cent to $5.12 US ($7.17 Cdn) in April, according to the Consumer Price Index released Tuesday. It was the first month-to-month decline in egg prices since October 2024. Still, egg prices remain near historic highs as a persistent outbreak of bird flu continues to wipe out flocks of egg-laying hens. The April figure is 79 per cent higher than the same month a year earlier, when the price averaged $2.86 US ($4 Cdn) per dozen. Overall, the index for food decreased 0.1 per cent in April, "driven primarily by a 12.7-per cent decrease in the index for eggs," according to the U.S. Bureau of Labor Statistics. Over the last 12 months, the index for eggs increased by 49.3 per cent. "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," notes the USDA's most recent weekly Egg Markets Overview report from May 9. In Canada, a dozen eggs cost $4.92 in March, according to the most recent available data from Statistics Canada — roughly 31 per cent cheaper than if you bought them south of the border. WATCH | U.S. businesses scramble over egg prices: U.S. businesses scramble to manage soaring egg prices 2 months ago Duration 2:18 Egg prices in the U.S. have soared recently, largely because of a shortage caused by avian-flu outbreaks. It's forced some businesses to raise prices and even rent chickens to manage the situation. Tariffs could drive prices back up Lowering egg prices has been a particular focus for Trump, who made a campaign promise to bring down food costs on Day 1 of his presidency. In March, U.S. egg prices increased again to reach a new record-high average of $6.23 US per dozen, or about $8.73 Cdn. That's up from about $5.90 US per dozen in February and about $4.95 in January. While wholesale egg prices have been coming down for a while, it was unclear how much store prices would decrease in April because consumer demand is usually high around Easter and Passover. Late last month, U.S. Agriculture Secretary Brooke Rollins told CNN that a retail price drop for eggs was "coming." But as BNN Bloomberg reports, Trump's tariffs could drive prices back up. For instance, Vital Farms Inc. — whose retailers include Target and Whole Foods — said last week it's raising its shell egg prices this month, citing tariffs. "As we progressed into the year and we started to learn more about the impact of tariffs, for example, on the cost of various commodities, we thought it was prudent to take this modest price increase to ensure that we're in good, great shape to deliver on our commitments for this year," chief executive officer Russell Diez-Canseco said on an earnings call Thursday. Meanwhile, bird flu outbreaks on two farms in Ohio and South Dakota last month affected more than 927,000 egg-laying hens. Bird flu has killed more than 169 million birds in the U.S. since early 2022. Any time a bird gets sick, the entire flock is killed to help keep bird flu from spreading. WATCH | U.S. bird flu impacts N.S. chicken farmers: U.S. bird flu impacting N.S. chicken farmers 1 month ago Duration 1:51 With fewer hatching eggs available, people who raise meat chickens north of the border are scrambling to find a new supply of chicks. Erin Pottie has the story.
