Current:Home > StocksEggs prices drop, but the threat from avian flu isn't over yet -Elite Financial Minds
Eggs prices drop, but the threat from avian flu isn't over yet
Surpassing Quant Think Tank Center View
Date:2025-04-10 08:40:11
Maybe you've seen the funny internet memes about high egg prices? Like the one where a guy gets on his knees to propose, but instead of a ring, he brings out a dozen precious eggs!
Well, egg prices have finally begun to decline. "We're seeing wholesale prices start to come down," says David Ortega, a food economist at Michigan State University. The wholesale price of a dozen eggs in the Midwest market dropped by 58 cents to $3.29 a dozen at the end of January, according to USDA data.
There is a lag between a drop in wholesale prices and what we pay at the grocery store, Ortega says, but we can expect some relief soon. I've already seen prices fall at my local supermarket.
However, the days of $1.50 a dozen may not return anytime soon. That's partly because inflation has driven up the cost of feed, transportation and labor. But the biggest factor impacting egg prices is the outbreak of bird flu – highly pathogenic avian influenza (HPAI) – which can spread quickly from flock to flock and is lethal in chickens. The CDC estimates more than 58 million birds have died or been culled because of the current outbreak.
The virus has caused an acute "shock" to the egg supply, Ortega says. And "there's a lot of uncertainty about how much longer this outbreak will continue." Amid such unpredictability, Ortega says prices are sticky. "They tend to rise quickly, but take much longer to come down."
Avian flu isn't new, but scientists say this current outbreak is more widespread and more lethal than the last outbreak in 2015. It's been detected in wild birds in all 50 states. Typically, wild birds don't get sick from the virus, but the strain circulating now appears more virulent. "We're seeing symptoms and we're seeing mortality in some of the wild birds," says poultry scientist Phillip Clauer of Penn State College of Agricultural Sciences. "This time around, it's more deadly."
The latest CDC data shows the avian flu has been detected in a range of species, including black vultures and geese. There's also a few recent reports of infection in great-horned owls, red-tailed hawks and bald eagles.
Since the avian flu began circulating last year, there have been outbreaks at poultry operations in 47 states. Outbreaks typically begin when wild birds, such as geese, infect chickens, turkeys or other waterfowl in commercial flocks or backyard flocks. Once an infection is found in any flock, the USDA euthanizes the whole flock. "This highly pathogenic disease is very deadly," says Clauer. "So the whole idea is to get on top of it and help the birds die in a humane manner and not allow the disease to continue to spread," he explains.
In recent years farmers have stepped up biosecurity measures to protect their flocks. "You're trying to build barriers," explains Clauer. For example, since the virus can spread through bird poop or feathers, workers take precautions to keep their hands, clothes and shoes clean. Tools and equipment should be disinfected, too.
Farmers try to discourage waterfowl from landing in fields near their poultry houses. "You're setting a parameter around your poultry to protect them," Clauer says.
The virus poses a "low risk" to people, according to the CDC. The agency says avian flu viruses "usually do not infect people," though last spring, the CDC reported the infection of one person in Colorado who had been in contact with infected poultry. The person reported fatigue and was treated with an antiviral medication.
So, when will the outbreak end?
"We don't know," says Dr. Yuko Sato, a veterinarian at Iowa State University. "We hope we're somewhere in the middle or hoping towards the end," she says. Sato says killing off infected flocks takes an emotional toll on farmers. "Nobody likes to be, you know, depopulating, euthanizing birds," she says. Then, egg producers must invest in rebuilding their flocks beginning with chicks. "It takes about somewhere between 16 to 18 weeks for birds to mature to that point to start laying eggs," Sato explains. So, there's a lag time to rebuild supplies of eggs.
"Our stock is still down about 5%, right now," explains Emily Metz, president of the American Egg Board. But she says farmers are focused on a quick recovery and they continue to invest in prevention strategies to fend off avian flu. "I have farmers that have put in laser light systems to prevent migratory birds from landing on their barns," she explains. "I have farms that are bussing in their workers to minimize truck traffic," and lower the risk of contamination. The hope is that these efforts make the operations more resilient.
"Egg prices are trending downward for sure," Metz says. "I think there's relief in sight."
veryGood! (1)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- WNBA postseason preview: Strengths and weaknesses for all 8 playoff teams
- ‘They try to keep people quiet’: An epidemic of antipsychotic drugs in nursing homes
- New York Philharmonic musicians agree to 30% raise over 3-year contract
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Hailey Bieber Is Glowing in New Photo After Welcoming Baby Boy With Justin Bieber
- US troops finish deployment to remote Alaska island amid spike in Russian military activity
- 7 MLB superstars who can win their first World Series title in 2024
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Joel Embiid signs a 3-year, $193 million contract extension with the 76ers
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Wheel of Fortune Contestants' Bad Luck Curse Shocked Even Ryan Seacrest
- How to Make Your NFL Outfit Stadium Suite-Worthy: Makeup, Nails, and Jewelry
- Attorney Demand Letter Regarding Unauthorized Use and Infringement of [QUANTUM PROSPERITY CONSORTIUM Investment Education Foundation's Brand Name]
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Woman sues Florida sheriff after mistaken arrest lands her in jail on Christmas
- College football Week 4 predictions: Expert picks for every Top 25 game
- Rare G.K. Chesterton essay on mystery writing is itself a mystery
Recommendation
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
How Each Zodiac Sign Will Be Affected by 2024 Autumnal Equinox on September 22
Republicans are trying a new approach to abortion in the race for Congress
Chester Bennington's mom 'repelled' by Linkin Park performing with new singer
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Playoff baseball in Cleveland: Guardians clinch playoff spot in 2024 postseason
Hotter summers are making high school football a fatal game for some players
Check Up on ER 30 Years Later With These Shocking Secrets