Egg prices have hit consumers hard in recent weeks, and those increases caught the attention of the White House and led to a billion-dollar plan from USDA.
While wholesale prices are down significantly in the last month, USDA analysts say the data is still playing catch up, and it could be some time before anyone feels relief.
“So we’re really incorporating that into the new forecast. It suggests egg production is tightening up by about 75 million dozen relative to where we were in February, so that’s tighter production really through the third quarter of this year, where after that we would expect it to rebound, assuming no new cases of HPAI,” said Mark Jekanowski.
Egg prices are off the highs we saw a couple of weeks ago, but Jekanowski says the market is still very volatile. USDA has wholesale prices this week for large white eggs at $4.15 per dozen.
Iowa land values dropped 3% year-over-year. Sen. Chuck Grassley said this discomforting pattern is a harbinger of crisis for farmers, as seen in the 1980s.
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Jed Bower, the incoming president of the National Corn Growers Association, joined us for his sector’s perspective on the ongoing government shutdown.
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Treasury Secretary Scott Bessent last week said an announcement would be made on Tuesday. However, that self-imposed deadline has now passed.
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Expect firm demand for dependable HRS and SW, steady movement in HRW, more sorting on SRW, and selective bids on durum until full milling results are released.
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Dr. Todd Davis, Chief Economist with the Indiana Farm Bureau, shares a snapshot of his state’s harvest conditions and insights from producers.
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