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Egg manufacturing within the U.S. dropped 4% in November as the value of eggs and circumstances of fowl flu proceed to rise throughout the nation, in keeping with a report from the US Division of Agriculture (USDA).
The USDA’s Nationwide Agricultural Statistics Service introduced that within the month of November, egg manufacturing totaled 8.92 billion, which was down 4% from the identical interval final yr.
Of the 8.92 billion eggs produced, 7.68 billion have been desk eggs and 1.24 billion have been hatching eggs, the important thing distinction being that consuming eggs are unfertilized and unable to turn out to be a chick.
Additionally, in November, there have been 376 million egg-laying eggs, down 3% from final yr, and for each 100 layers, there was a mean of two,374 eggs produced.
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Check tubes labelled “Bird Flu” and eggs are seen on this image illustration. (Reuters/Dado Ruvic / Reuters Images)
Since November, the variety of layers has dropped much more, with the USDA reporting a complete of 375 million layers on Dec. 1, 2024, down 3% from final yr.
Wells Fargo Agri-Meals Institute Sector Supervisor Kevin Bergquist mentioned egg costs have been elevated since 2023 as a result of mixture of seasonal worth will increase through the holidays and disruption in egg provide resulting from fowl flu.
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Trendy rooster farm for the breeding of white chickens and eggs, multi-level conveyor, indoor, copy area, poultry farming (iStock / iStock)
Costs over the previous yr have “generally” remained above 2023 costs and even “often exceeded egg prices from 2022, which was when HPAI really caught the egg market,” in keeping with Bergquist.
Wholesale egg costs, which jumped practically 55% in November, don’t essentially replicate client egg costs on the grocer, which might range broadly.
In line with the Client Worth Index, grocery costs rose 0.5% in November, with 4 of the six main grocery retailer meals teams rising in value. Eggs confirmed the most important enhance by a large margin.
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Within the arms of a lady packing eggs within the grocery store (iStock / iStock)
Costs for meat, poultry, and fish rose 1.7% in November, however costs for eggs rose 8.2%.
Previous to the big fowl flu outbreak in March 2022, flock numbers have been at a stage that supported decrease egg costs, in keeping with Bergquist. He famous the wholesale worth was lower than $1.50 per dozen.
Nevertheless, the outbreak disrupted the market, resulting in report egg costs in December 2022. The typical worth corrected to a decrease stage by 2023 as producers rebuilt their flocks.
Bergquist mentioned that the flock measurement was hindered once more when fowl flu re-emerged in late 2023 and into 2024, leading to under-supplied egg markets.
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Producers nonetheless have not been capable of rebuild the whole egg-laying flock with the reoccurring outbreaks this yr.
FOX Enterprise’ Daniella Genovese contributed to this report.
