Egg prices are still soaring and are now above the price of beef. Yes, you read that right.
For the first time since 1980, when Bureau of Labor data began, the cost of a carton of eggs is higher than the price of a pound of beef.
Last month, consumers paid $4.82 on average for a dozen eggs and $4.64 for a pound of ground beef. A year ago, they were paying $1.93 for eggs and $4.77 for beef.
This comes as High Pathogenic Avian Influenza continues to affect poultry flocks throughout the nation.
Related Stories
Higher placements lifted feedlot inventories, but slower marketings point to continued tightness in finished cattle movement.
England Cattle Co. in Mercedes, Texas, is coming off a highly successful production sale.
China remains critical to U.S. farm exports, but Brazil’s growing market share keeps pressure on U.S. soybean demand.
Tight cattle supplies should keep beef prices supported, while dairy, pork, and poultry are poised for greater production growth.
China’s pledge is supportive, but producers need confirmed sales and shipments before counting it as stronger export demand.
Higher input costs and tighter cash flow are keeping pressure on farm income, credit needs, and capital spending.
