Egg prices are higher and will continue into 2025
Published On Dec 15, 2024, 8:58 AM
Egg prices in the U.S. have surged, increasing by 8.2% in November 2024. The rise is attributed to higher demand during the holiday season and ongoing supply issues caused by outbreaks of Highly Pathogenic Avian Influenza (HPAI). Experts predict these elevated prices will persist into 2025 due to difficulties in rebuilding the egg-laying flock and continuing illness among poultry. The wholesale egg prices saw a drastic increase of nearly 55% in November, which reflects ongoing supply challenges.
Stock Forecasts
XYL
Positive
The egg price increase indicates a heightened demand brief that could trigger ongoing supply chain issues, encouraging investments in companies within the agricultural sector that can capitalize on these trends or offer alternatives.
KRG
Negative
Continued high prices may lead consumers to reduce purchasing eggs, potentially impacting retailers heavily reliant on these sales whether for in-store foot traffic or as staple grocery items.
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