Egg price forecast
“Demand for shell eggs continues to fade into the new month as no significant outbreaks of HPAI have been detected in nearly two weeks. This respite has provided an opportunity for production to make progress in reducing recent shell egg shortages,” the USDA said in its Egg Markets Overview report.
On Wednesday, President Donald Trump took credit for falling egg prices.
“We got it down, we did a lot of things. We have a great Secretary of Agriculture, and we did a lot of things that got the cost of eggs down, very substantially,” the president said from the oval office Wednesday.
But consumers are still paying elevated prices at the grocery store. Agriculture Secretary Brooke Rollins last month announced a plan to invest $1 billion in strategies to rein in soaring egg prices but acknowledged in an op-ed in the Wall Street Journal that it “won’t erase the problem overnight.” She said the egg market won’t stabilize for another “three to six months.”
On Wednesday, President Donald Trump took credit for falling egg prices.
“We got it down, we did a lot of things. We have a great Secretary of Agriculture, and we did a lot of things that got the cost of eggs down, very substantially,” the president said from the oval office Wednesday.
But consumers are still paying elevated prices at the grocery store. Agriculture Secretary Brooke Rollins last month announced a plan to invest $1 billion in strategies to rein in soaring egg prices but acknowledged in an op-ed in the Wall Street Journal that it “won’t erase the problem overnight.” She said the egg market won’t stabilize for another “three to six months.”
