Egg prices have shot up more than 70% since last year.
If you don’t see a lot of Easter eggs this weekend, it could be due to the latest prices. Prices have gone down since January, but eggs are still not selling for chicken feed.
In the past year, egg prices have shot up more than 70%, according to the latest consumer price index. The United States Department of Agriculture predicts that egg prices will increase 27.3% in 2023. According to the Wall Street Journal, Californians paid $5.62 for a dozen eggs in early February, compared to $3.05 for non-cage-free eggs in the Midwest. California and Hawaii generally have the highest consumer prices for eggs, while California is one of the nation’s leading egg producers.According to the Centers for Disease Control and Prevention, it is believed that more than 58 million chickens in commercial farms but also backyard coops, have been infected by avian flu since January 2022.
At least nine states passed laws requiring all egg-laying hens to be housed in cage-free environments by 2024 and 2026. California’s 2018 ban took effect last year. Only eggs from cage-free hens can be sold in California, no matter where they are produced.Recently, wholesale egg prices plunged 52% from Dec. 19 to Feb. 6, according to Urner Barry, a market research firm that focuses on the wholesale industry.
The five largest shell egg-producing states are home to approximately 44% of all laying hens in the U.S. and the top 10 states comprise 63% of egg production. Most are in the Midwest due to cheaper feed costs.
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