Egg Prices Jump Before Holidays as Bird Flu Spreads
Published On Dec 21, 2024, 5:02 AM
Egg prices have increased by 8.2% in November and are up over 150% compared to a year ago, primarily due to a bird flu outbreak that has decimated egg-laying flocks. This surge is contributing to overall food inflation, affecting consumers during the holiday season. Many are frustrated with elevated grocery prices, which could impact political sentiments, especially as food costs play a significant role in the ongoing election narrative.
Stock Forecasts
CALM
Positive
The rise in egg prices due to bird flu may have a cascading effect on poultry and agricultural stocks. Companies that produce or distribute eggs or chicken may see increased revenue in the short term but could face pressures as consumer sensitivity to food prices rises. Additionally, if political actions are taken to stabilize food prices post-election, this could have implications for supply chain stocks involved in agriculture.