For months and months, the price of eggs was soaring. Now, they're going splat.
While improved avian flu situation has increased egg supply, the consumer demand is also slipping.
Demand for eggs typically rises around the winterholidays - when people bake and eat breakfast at home - and though it slows in the first quarter, it usually stays relatively strong. Not so this year. Egg demand isn't likely to pick up again for a few months. After Easter and Mother's Day, demand typically takes a dip until the back-to-school season.
From March to April, egg prices fell 1.5% adjusted for seasonal swings, according to recent data from the Bureau of Labor Statistics.
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