How much for a dozen? Why the cost of eggs is dropping after a major price hike

Supermarket executives say retail egg prices are set to return to historic averages in the coming months.

Wells Fargo Agri-Food Institute sector manager Kevin Bergquist said a drop in demand and increased supply is sending prices down.

He noted that consumers tend to buy fewer eggs after Easter, which eases demand. Meanwhile, producers have been replacing hens after last year’s bird flu outbreak.

“It is a question of egg price management by grocers,” he said in an email. “There still could be lower egg prices for the consumer on the near horizon, even if egg prices for producers don’t fall any further this summer season.”"Egg prices bounce around a little based on corn prices and other cost of demand flux, but there is nothing on the horizon that suggests a big price jump," he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

indystar /  🏆 434. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Woman passes baby to man so she can jump into supermarket brawl in chaotic videoA wild brawl between two women in an Australian supermarket quickly spiraled out of control, with multiple men and women becoming involved in the fracas.
Read more »

Asian supermarket H Mart asks Dallas for $4 million for new store in KoreatownThe city’s Urban Design Peer Review Panel recommended some parking improvements, generous sidewalks and landscaping, including a pedestrian corridor from...
Read more »

Surveillance video shows box-wearing bandit allegedly burglarizing Florida grocery storeA Florida man donned a unique disguise, a cardboard box, to burglarize a Miami Gardens supermarket.
Read more »

Why this 2-family home sold for $55K over its asking priceThere were almost two-and-a-half months supply of homes on the market as of April, according to the most recent data from New Jersey Realtors.
Read more »

With chronic absenteeism on the rise, why is California making school transportation harder?Opinion: With chronic absenteeism on the rise, why is California making school transportation harder?
Read more »