American Egg Board comments on egg prices- Emily Metz, President and CEO
"While it's going to take a sustained period with no additional HPAI detections on egg farms to stabilize supply, there is some good news. Demand, while remaining steady, has moderated as it always does in the weeks before the Easter buying season begins. Consequently, egg prices have started coming down on the wholesale market—dropping by almost 22% in the past two weeks.1
"It is important to remember that supply and demand continue to drive wholesale prices for eggs, and as the Easter holiday approaches, increasing demand may cause a second, temporary increase in prices. In addition, egg farmers are closely watching spring migration of wild birds, recognizing that wild birds are a leading cause of the spread of this virus and pose a great and ongoing threat to egg-laying flocks.
"While there is no instant solution for the devastating loss of 130 million egg-laying hens, positive impacts of USDA Secretary
"We appreciate the momentum of the USDA's new plan and the administration's support of egg farmers, and we thank all Americans for their patience as our industry works through this challenging time."
1 https://www.urnerbarry.com/history/4850
2 USDA Invests Up to
3 USDA Egg Markets Overview,
About the American Egg Board (AEB)
The AEB supports America's egg farmers nationwide through research, education and promotion programs for
Contact:
View original content to download multimedia:https://www.prnewswire.com/news-releases/american-egg-board-comments-on-egg-prices--emily-metz-president-and-ceo-302400246.html
SOURCE American Egg Board
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- The Apex Institute Reveals What Hiring Managers Actually Want in Cloud and AI Infrastructure Roles
- Genye Technology Opens New LA-Area Branch and Technology Demonstration Center in Southern California
- Air Today Heating & Cooling Named South Carolina’s Best HVAC Sales and Service Company for the Second Year in a Row
Create E-mail Alert Related Categories
PRNewswire, Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share