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ANALYSIS: US Shell Egg and Breaker Markets Drift Into Rare Price Divergence
The relationship between Midwest large shell eggs and 48–50 lb. breaking stock has diverged sharply in recent weeks, producing one of the most unusual relative price relationships observed in the historical data set.
As of March 12, Midwest Large closed at $1.77/dozen while breaking stock remained pinned at $0.21/dozen. At that level, breakers are valued at just 11.3% of the shell egg market, meaning shell eggs are trading at nearly nine times the value of breakers. A review of historical...