Why Are Eggs So Expensive Right Now? In This Article, We Will Discuss The reasons Why Why Are Eggs So Expensive Right Now.
Why Are Eggs So Expensive? Have you noticed the recent increase in prices of eggs? Have you ever wondered why it is so?
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The eggs we could get very cheap two years ago are now really pricey? What is indeed happening?
Let’s us find out right here in this article, keep reading!
Why Are Eggs So Expensive Right Now ?
A worldwide outbreak of H5N1, a highly contagious and deadly strain of avian influenza, sometimes known as bird flu, is what caused eggs to become so pricey. The greatest bird flu outbreak in American history began in early 2022 and has since spread throughout the country.
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In other words, while demand for eggs is unchanged, the outbreak reduced supply. Naturally, that will drive up costs.
Even if the avian flu disappeared today, egg prices wouldn’t suddenly go back to normal. The cost of labor, transportation, and chicken feed—all of which have increased due to inflation—would keep eggs from becoming inexpensive. While they are on the decline, egg costs are still below their pre-pandemic levels.
When will egg prices go down?
Ever since reaching their top average price of $4.82 in January 2023, egg prices have started to fall.
The USDA’s senior economist, Seth Meyer, predicted this year that wholesale egg prices will drop by 26.8% in 2023 during the USDA Agricultural Outlook Forum in February.
Egg production is also projected to rise 4% this year, per the USDA, as flocks rebound from the bird flu outbreak.
The price drop is more notable than it was a year earlier: from $3.12 in August 2022 to $2.04 in August 2023, the cost of a dozen eggs decreased by 34.6%.
Since at least 1980, when large, Grade A eggs cost $0.88 a dozen, without accounting for inflation, the FRED has tracked the consumer price of eggs. The price of eggs peaked in September 2015 at $2.97 per dozen, just before the peak in January 2023.
FAQs About Why Are Eggs So Expensive Right Now?
1. Why is there a shortage of eggs?
According to Crosscut, an outbreak of avian flu in 2022 and early 2023 led to a decrease in egg supplies and an increase in pricing. After one bird tested positive for bird flu, farmers across the nation were forced to slaughter whole flocks of hens.
2. What state has the cheapest eggs?
Missouri has the lowest egg prices; a dozen eggs there only cost $4.24. 95 million dozen eggs are consumed annually by Americans as a whole.
3. Can You substitute anything for eggs?
For every egg that needs to be substituted, you can use 1/4 cup (60 grams) of yogurt or buttermilk. Cakes, cupcakes, and muffins are the ideal baked goods for this substitute.
4. How many chickens do I need for a dozen eggs?
You would need three to five laying chickens if you wanted to obtain roughly a dozen eggs every week.
5. Where are eggs cheapest?
According to our study, the cheapest regular eggs can be found at Hy-Vee and Walmart, so it could be a good idea to check out your neighborhood supermarket first.
As we can see in this blog post, there is a reason for the increase in price of eggs. We all just need to be patient and wait this one out.
The prices will return to normal soon, hopefully. Although they have a role, the epidemic and inflation aren’t the main factors.
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