Egg Prices Still High as Avian Flu, Inflation Maintain Supply Issues
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Egg prices remain high due to avian flu outbreaks, high feed costs for farmers, weather issues, and cage-free regulations. Prices are down from last year but still almost double pre-pandemic levels.
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Avian flu killed over 131 million birds globally in 2022. Outbreaks continue, decimating flocks and reducing egg supply. Recovering supply takes months.
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Inflation has dramatically increased feed prices, which are up to 70% of farmer costs. This contributes to higher egg prices passed onto consumers.
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Cage-free regulations in some states also contribute to conversion costs and higher egg prices. More states will implement bans in 2023.
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Prices should decrease slightly in the U.S. in 2023 but won't return to pre-COVID levels soon. Holiday spikes will ease after Easter when seasonal demand drops.