Egg Consumers Face $8 Billion Bill From Worst U.S. Bird Flu
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Be it scrambled, poached or sunny side up, the cost of egg breakfasts may jump by billions of dollars during the U.S.’s worst outbreak of bird flu, Goldman Sachs Group Inc. said.
U.S. consumers will probably pay $7.5 billion to $8 billion more to buy eggs, an increase of at least 75 percent from last year, Goldman Sachs analysts including Jason English wrote in a report Wednesday. Packaged foods companies could find the ingredient in short supply, and McDonald’s Corp. will be most affected among major restaurant chains because it can’t easily pass on higher costs from its popular breakfast business.