After reaching record highs earlier in the year, egg prices have dropped significantly as consumer demand slows and supplies stabilize. The average price for a dozen large white eggs is now $4.90, down from $8.64 in March. Despite the decrease, prices are still higher than the long-term average of $2. Retail demand is described as “sharply lower” by the USDA, with prices adjusting downward in response to increased availability of eggs and reduced urgency to meet supply needs. The USDA expects prices to continue trending downward, especially with Easter falling later this year. Soaring egg prices had prompted a Justice Department investigation and caused overall food-at-home costs to rise, although still higher than pre-pandemic levels due to inflation. The recent drop in egg prices signals a return to more normal levels, offering relief to consumers and easing concerns about food affordability.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
