Could egg prices stabilize before Easter?

USDA has made big moves over the last several weeks to combat high egg prices and High-Path Avian Flu.

Egg prices have fallen in recent weeks, and in a call with reporters, Ag Secretary Brooke Rollins acknowledged it is just in time for Easter.

“I know that for some of us our shopping, we’ve seen the prices immediately, but then we’ll hear from other people in other parts of the country where they have yet to see that reduction on their grocery store shelves. But as we know, it always takes some time, and depending on what part of the country and other factors as to why some of that retail hasn’t caught up yet, but will very soon.”

Lawmakers over the last week have introduced the Lowering Egg Prices Act, which would allow broiler eggs to be sold to egg processors for pasteurization. The bill sponsor, Dusty Johnson, joined us recently on Market Day Report, where he acknowledged that talks of deregulation can sometimes sound alarms, but he says a lot of thought went into this legislation.

“Clearly, food safety needs to be our top priority. So when you have these raw table eggs, you need to have them refrigerated. But when you’ve got an egg product that you’re going to pasteurize, it is not as important to have those eggs refrigerated right away right after they’re laid. And so all our bill would do is go back to the way things were for decades prior to the Obama-era regulation requiring immediate refrigeration, even for breaker eggs.”

Prior to 2009, surplus broiler eggs could be sold to processors. A rule later that year forced refrigeration of all eggs, leading broilers to stop selling their surplus supply, and that led to nearly half a billion eggs being tossed every year. The Lowering Egg Prices Act has bipartisan support, and Johnson calls it common sense legislation.

Related Stories
High Path Avian Influenza has significantly impacted poultry and egg prices recently. Will consumers face the same pressures this Thanksgiving?
In Texas, there are about 800 contract broiler and turkey farms. RFD NEWS Correspondent Tammi Arender had the chance to meet with Jerry Moody, who has been in the chicken business all of his life.
The U.S. government will give pharmaceutical company Moderna $176 million for a High-Path Avian Flu vaccine, Reuters reports.

LATEST STORIES BY THIS AUTHOR:

Rep. Adrian Smith joins us to discuss the push for nationwide year-round E15 sales and legislative hurdles for getting it into the farm bill.
Farm Credit’s Christy Seyfert joined us to discuss the ag industry’s push for swift Farm Bill action as it heads toward a House vote.
Feed demand and premiums drive growth for the crop
Purdue economist Dr. Joana Colussi discussed the U.S. and Brazil’s reliance on imported fertilizers and their impact on global food security amid rising input costs.
RFA President and CEO Geoff Cooper joined us to discuss the proposed E15 amendment in the Farm Bill, industry reaction to the legislation, and the outlook for year-round E15 sales.
Agriculture Shows
Hosted by Scott “The Cow Guy” Shellady and RFD News Markets Specialist Tony St. James, Commodity Talk delivers expert insight into the day’s ag commodity markets just before the CME opens. Only on RFD-TV and Rural Radio SiriusXM Channel 147.
A look at the news, weather and commodities headlines that drove agriculture markets in the past week.
Everything profits from prairie. Soil, air, water — and all kinds of life! Learn how you can improve your land with prairie restoration, cover crops and prairie strips, while growing your bottom line.
Special 3-part series tells the story of the Claas family’s legacy, which changed agriculture forever.