Egg prices have dropped for the first time since October, down nearly 13 percent.
The average for a dozen right now is a little more than $5, which comes after hitting a record $6.23 in March, and part of that was due to strong Easter demand.
Despite the drop, prices remain 79 percent higher than this time a year ago.
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The U.S. Department of Agriculture (USDA) is investing now to make markets less volatile for ranchers over the long term and more affordable for consumers, according to a press release.
NCBA CEO Colin Woodall says more conversations need to occur with stakeholders present surrounding President Trump’s proposal to lower consumer beef prices with Argentinian imports.
Beef industry groups seem to agree — market-based pricing, not federal intervention, best supports rancher livelihoods and long-term beef supply stability.
Expect firm calf and fed-cattle prices — pair selective heifer retention with prudent hedging and liquidity to bridge rebuilding costs.
