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How do bird flu outbreaks affect egg supply and prices?
Bird flu outbreaks have a direct impact on egg supply and prices. When avian influenza spreads, it often leads to the culling of hens, which drastically reduces the number of eggs available in the market. This supply shortage typically results in higher prices. Fortunately, recent reports indicate fewer outbreaks, allowing supply to stabilize and prices to drop.
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What should consumers expect for egg prices leading up to Easter?
As Easter approaches, consumers may face renewed price pressures on eggs. Historically, demand for eggs increases during this holiday due to baking and decorating traditions. While wholesale prices are currently lower, retail prices remain high, and the surge in demand could lead to price hikes in the coming weeks.
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Are there any long-term trends in egg pricing we should be aware of?
Long-term trends in egg pricing often reflect broader agricultural conditions, including feed costs, disease outbreaks, and consumer demand. The recent spike in prices due to avian flu is an example of how external factors can influence the market. Keeping an eye on these trends can help consumers anticipate future price changes.
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Why are retail egg prices still high despite falling wholesale prices?
Retail egg prices tend to lag behind wholesale prices due to the time it takes for retailers to adjust their pricing strategies. While wholesale prices have dropped significantly, retail prices remain around $6 per dozen. This discrepancy can be frustrating for consumers who expect immediate price relief.
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Is there any investigation into price gouging in the egg industry?
Yes, the Department of Justice is currently investigating potential price gouging in the egg industry. Some producers may be using the avian flu crisis as a justification for unjustified price hikes. This investigation could lead to changes in pricing practices and greater transparency in the market.