U.S. egg production is trending downward.
A recent production report shows a 2% drop this July compared to the same time last year with totals reaching over 9 billion eggs.
The reason behind the drop is high path avian flu. Birds culled due to the disease have impacted egg-laying hen numbers with numbers declining by approximately 8 million birds. That drop is now impacting egg prices in a big way, according to a USDA livestock analyst.
“What we have seen is wholesale prices that were about $2.57 in July for the New York egg price that we track going up to about $4.14 yesterday,” Shayle Shagam explains.
The wholesale market saw a 60% price hike in just a months time; however, when you compare that number to a year ago prices, whole eggs are selling at 236% more.
Shagam expects to see the size of the laying flock increase next year, increasing production and lowering egg prices for consumers.
In honor of Veterans Day this weekend, we wanted to take a moment to highlight an incredible program connecting our great nation’s heroes with agriculture!
November 08, 2023 01:54 PM
·
Shaun Haney, host of Rural Radio Channel 147’s Real Ag Radio, joined us Friday on Market Day Report with an update on the important vote involving the use of ag machinery in Canada.
November 03, 2023 02:14 PM
·
Falling feed costs and strong demand for butter could be good news for dairy farmers looking to get their finances back on track.
November 03, 2023 12:38 PM
·
Author Lee Klancher joined RFD-TV’s Market Day Report to discuss a new, special edition version of his book, “Farmall Century” hitting the shelves in honor of the iconic tractor’s major milestone and impact on the ag industry over the last century.
November 02, 2023 01:35 PM
·
In today’s production update, Total Acre Farming’s David Hula has an enlightening conversation with Jeremy Rountree about a new, industry-disrupting product from
Brandt Fungicide.
November 02, 2023 12:23 PM
·
November 02, 2023 10:49 AM
