Egg Prices Are Falling Fast in Relief for US Consumers
Farms are repopulating their hens after a devastating bird flu outbreak.
A shopper checks a carton of eggs at a grocery store in San Francisco, on May 2.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Egg prices that rocketed to record highs after one the worst bird flu outbreaks in US history are now falling — fast — as the industry replaces dead hens.
Midwest large eggs, the benchmark for commodity price, closed at $2.16 a dozen on Friday, down about 37% from late July’s record high, according to commodity researcher Urner Barry. That’ll provide relief for consumers, who saw egg prices jump 47% at US grocery stores last month during the worst period of food inflation since 1979.