Egg Prices Soar in US

The United States is grappling with an unprecedented surge in egg prices, as the average cost of a dozen Grade A eggs in U.S. cities reached a record high of $4.95 in January. This figure eclipses the previous record set two years earlier and represents more than double the price recorded in August 2023.

The primary driver behind this dramatic price increase is an ongoing bird flu outbreak. When the virus is detected on a farm, entire flocks must be culled to prevent further spread, significantly impacting the egg supply chain. Nearly 158 million birds have been slaughtered since the outbreak began, with over 23 million birds eliminated in January alone.

Compounding the issue are inflationary pressures affecting feed, fuel, and labor costs for farmers. Additionally, several states have implemented laws mandating cage-free egg production, which can be more costly and geographically concentrated, exacerbating supply issues when outbreaks occur in these regions.

Consumers are bearing the brunt of these price hikes, with many reporting reduced egg consumption and difficulty finding eggs in stores. Some retailers have imposed purchase limits and surcharges. Experts predict that relief is not imminent, with the USDA forecasting a potential 20% increase in egg prices this year. The approaching Easter holiday, traditionally a period of high egg demand, is likely to further strain supplies and keep prices elevated.