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: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
