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.
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Cotton margins improved slightly, even as fertilizer and fuel costs rose due to the Strait of Hormuz disruption linked to the Iran war.
Flour milling demand stayed generally steady, but total wheat grind remained slightly softer year over year.
U.S. export inspections turned in another strong corn week.
The latest developments point to shifting export routes, higher congestion risk, and continuing cost pressure for grain, fertilizer, and energy shipments.
Tyson is still reshaping its beef footprint.
Cotton prices improved last week, but drought, storms, and uneven planting are keeping risk elevated.
