• Wholesale egg prices have cratered in recent weeks from record highs, meaning consumers may soon see relief at the grocery store.
• But the dynamics of egg pricing from the wholesale to retail market, in addition to other factors, means that’s not a sure thing in the short term.
• Prices fell to $2.61 per dozen eggs on Monday — a 52% decrease from the peak of around $5.43 on Dec. 19 and a 47% decrease from the beginning of 2023, according to Urner Barry, a market research firm that specializes in the wholesale food industry. Its Midwest Large White Egg price benchmark is a widely cited barometer in the egg industry.
• “Prices have collapsed,” said Angel Rubio, senior analyst at Urner Barry. “That’s a big, big adjustment downward.”

Tagged: #Bidenflation