Highly Pathogenic Avian Influenza (HPAI) has had a major impact on the price of eggs. The first detection in a commercial laying flock was in February 2022, the most recent was in December. To date, about 5.76 million birds have been depopulated due to HPAI and 43.78 million have been commercial layers.
As a result, 2022 egg production was down about 363.6 million dozen from the 2019/2020 average. In December 2022, egg prices in the Bureau of Labor Statistics (BLS) “food at home” category for retail prices were up 59.9 percent on the year, reflecting the production drop. This is a significant headwind moving into Easter, which is two months from today. However, beyond the grocery store, the cost of eggs is a...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
