The price of a dozen eggs could soon surpass the record set in December 2023, an expert from the University of Iowa predicted. The average price of eggs could reach $5 by midyear.
Egg prices are already steep – and might be getting worse. The average price of a dozen Grade A large eggs was $4.15 during the month of December, said the U.S. Bureau of Labor Statistics – an increase from $2.51 in December 2023. There are two things driving the price increases: the bird flu outbreak and state laws about cage-free eggs.
Unlike in past years, in 2024, all major production systems experienced significant losses, including conventional caged, cage-free, and certified organic types,' said the USDA. Once bird flu is detected, a farm must cull all the birds in the flock. This has had a devastating impact on the egg industry, as it takes approximately five months for a chicken to mature. 'Once a hen is five months old it can lay about one egg per day,' said Penfield.
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