BELOW SUPERNAV drop zone ⇩

Rising egg prices linked to bird flu’s impact on supply chain

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

(The Hill) — The rising price of eggs in the last year has been linked to bird’s flu impact on the supply chain. 

Eggs’ price tag has gone up by 28.1 percent in the last 12 months, according to the Bureau of Labor Statistics. The average price for a dozen large eggs was $3.20, according to the bureau’s statistics. 

The spikes in prices occurred, in part, because of the high demand for the product, but also due to the bird flu outbreak at chicken farms in Colorado in July. 

“Bird flu is the number one reason for higher prices, absolutely,” Phil Lempert, a grocery industry analyst, told CNN

Highly pathogenic avian influenza (HPAI), also known as bird flu, has affected over 100 million in 48 states since January 2022, data from the Centers for Disease Control and Prevention (CDC) shows. 

“Think about how they are housed: small spaces with lots of chickens,” Lempert said. “When one chicken gets bird flu, they’ve got to cull the entire flock. That’s the problem.”

The sickness of the birds has affected the total egg output, and lower production of eggs, in part, leads to an increase in prices. 

“Table egg-layer facilities tend to be very large, and so you can lose a million or two million birds on a single facility, because this is a highly contagious virus,” Amy Hagerman, an associate professor of agricultural economics at Oklahoma State University, told NPR

But bird flu is not the only factor causing the prices of eggs to go upward. 

Emily Metz, the president of the American Egg Board, told NPR that “inflationary pressures” play a key role since fuel prices are higher, along with high labor costs and packaging. 

“Egg farmers are price takers, not price makers, and the volatility that we’re seeing is reflecting a number of factors that are completely outside the control of the egg farmer,” Metz said.

Your Money

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Sunny

la

69°F Sunny Feels like 69°
Wind
6 mph SW
Humidity
27%
Sunrise
Sunset

Tonight

Clear to partly cloudy. Low 46F. Winds light and variable.
46°F Clear to partly cloudy. Low 46F. Winds light and variable.
Wind
1 mph N
Precip
9%
Sunset
Moon Phase
Waning Gibbous