Egg prices are at near-historic highs in many parts of the world as the spring holidays approach, reflecting a market scrambled by disease, high demand and...
Egg prices are at near-historic highs in many parts of the world as the spring holidays approach, reflecting a market scrambled by
“It’s supply and demand searching out. You have to have a profitable price,” David Anderson, a professor and extension economist for livestock and food marketing at Texas A&M University, said.. Chicken feed represents up to 70% of a farmer’s costs, and feed prices doubled between 2020 and 2022, Mulder said. Weather, COVID-related disruptions and the war in Ukraine – which drove up the price of wheat and other crops -- were all contributors.
Elsewhere, government regulations play a part in lifting egg prices. Multiple states, including California and Massachusetts, have passed cage bans for egg-laying hens since 2018; this year, bans are set to take effect in Washington, Oregon and Michigan.is a big investment for farmers, and consumers may not always realize that’s a factor in the higher prices they see at the grocery store, Metz said. She anticipates such conversion costs will eventually fall as more farms make the changeover.
“I haven’t had to increase prices yet because I’m anticipating that the egg prices will decrease again soon,” Ilion said. -- Donald Trump’s business empire was supposed to be in peril like never before on Monday. Instead, it turned into the single-greatest day on record for the former president’s wealth. Most Read from BloombergTrump Vows to Pay Fraud Trial Bond Cut by 68% to $175 MillionTrump’s Net Worth Hits $6.
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