Egg prices around the country may be on the rise, if you haven’t noticed already. A major Texas-based national grocer is putting up signs around their 350 supermarkets preparing customers to ration eggs because of the Avian Flu.
Once thought as lethal in other parts of the world, Avian-flu is reportedly spreading around the country to a point of national crisis. According to the USDA, as of this month there have been 46M chicken and turkey’s affected, 80% of which are said to be egg-laying hens!
Jeff Evans, Vice-President of the Managed Accounts Division for RMB Group in Chicago, shared his view regarding the fundamental assessment of the dairy futures market by stating, “I would expect this crisis to affect the food processors (and their customers) more than the consumers of actual ‘in-shell’ eggs itself.” Evans adds, “It’s the cost of processing egg-products that has made egg-based food products 2.5 times the price since this scare started, less than the USDA’s reported egg prices ‘just about doubling’ during this same period.”
Dairy prices affect most consumers, especially those raising families. Egg prices are outside of the three-year price average for this time of year, unfortunately with no top yet in sight.
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