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.
The House Agriculture Committee is set to debate a new, “skinny” Farm Bill at the end of February, according to a release from Committee Chairman Rep. Glenn “GT” Thompson.
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Regulatory uncertainty could slow the growth of fiber and grain hemp unless implementation is delayed.
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As cattle markets show renewed strength, producers gathering at CattleCon are focused on protecting operations, managing risk, and positioning for opportunity in the year ahead.
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Mexico has fallen behind by several hundred thousand acre-feet in required water deliveries to the United States, a shortfall that has had devastating consequences across the Rio Grande Valley.
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U.S. Senator Roger Marshall of Kansas discusses expected changes to the 45Z tax credit and what they could mean for agriculture and rural America.
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Shrinking slaughter capacity may delay heifer retention, complicating herd rebuilding plans.
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