Shelling: Egg prices are up nearly 37 percent


Those who buy their daily breakfast staples may notice an increase in their total grocery store receipts

The consumer price index shows that egg prices are up 36.8% compared to this time last year.

The average price of a dozen large Grade A eggs was $4.15 in December, up nearly $2 from $2.51 per dozen in December 2023, according to the Bureau of Labor Statistics of the USA.

cage free eggs

Large amount of Cage Free eggs at a Florida Costco store. (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images/Getty Images)

THIS IS WHY WE TRADERS ARE RAISING PRICES

One of the main reasons for the increase is the recent bird flu outbreak.

Highly pathogenic avian influenza (HPAI) was directly or indirectly responsible for the deaths of more than 20 million laying hens in the last quarter of 2024, according to the US Department of Agriculture.

Farms must cull all the birds in an infected flock, devastating the egg industry.

EGG PRICES ARE HIGHER AND WILL CONTINUE UNTIL 2025

Another factor could be new cage free laws which began affecting states like Michigan earlier this year.

While Michigan lawmakers amended the Animal Industry Act in 2019, it went into effect early in the new year, requiring shell eggs sold to be from cage-free housing systems.

The law also prohibits business owners from selling eggs from laying hens that do not have usable space or those that are confined.

Bird flu and eggs

Test tubes labeled “bird flu” and eggs are seen in this image illustration. (Reuters/Dado Ruvic/Reuters Photos)

Some estimates indicate that the average price of a dozen large eggs could be nearly $5 by the end of 2025, which would be the highest average price ever recorded for a dozen eggs, Fox News Digital reported. The price of eggs in California it has reached almost $9 per dozen in some areas.

The highest price recorded was in January 2023, when the average price of a dozen large eggs it was $4.82. Months later, the price dropped to just over two dollars.

GET THE FOX BUSINESS ANYWHERE CLICK HERE

To keep costs down, experts suggest buying eggs in bulk and shopping around for the best prices.



Source link

  • Related Posts

    Several Reddit communities have banned X links because many called Elon Musk’s controversial hand gesture on Inauguration Day a Nazi salute

    Users were furious with Musk for a hand gesture on Inauguration Day. Read More Source link

    Ford is recalling more than 272,000 vehicles due to battery failure issues

    See what’s clicking at FoxBusiness.com. Ford is recalling more than 272,000 vehicles because 12 volt batteries can have internal problems that cause them to fail unexpectedly while driving. According to…

    Leave a Reply

    Your email address will not be published. Required fields are marked *