ANALYSIS: Shell Egg Market Stabilizes Following Four-Week Rally to Mid-June Record Highs
Thursday marked the conclusion of a four-week rally in the US shell-egg market, during which Urner Barry’s benchmark Midwest large quotation surged by 63.4%, reaching $2.68 per dozen, an unprecedented high for mid-June. This surge reflects robust retail demand outstripping constrained supply in an unseasonably strong market.
Traditionally, summer sees a dip in egg demand as seasonal preferences shift, but competitive everyday prices have been a strong lure for consumers grappling with inflation and tight budgets...
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