Wholesale egg prices continue to fall, with costs down 59 percent from February. Last month, President Donald J. Trump‘s Department of Agriculture (USDA) took action to put downward pressure on egg prices, including a surge of resources to combat avian flu outbreaks among the U.S. poultry population.
“Gasoline’s way down. Eggs are way down. Groceries are down, very substantially. Almost everything is down,” President Trump said yesterday evening at the White House. “Now I’d like to see interest rates come down a little bit, and you’re going to see billions of dollars, even trillions of dollars, coming into our country very soon in the form of tariffs.”
While wholesale prices have fallen, the Trump administration and industry experts caution that it could still take some time for consumers to see changes in their retail prices. The cost of eggs began to climb rapidly late last year as large-scale poultry cullings impacted egg producers due to the spread of bird flu on chicken farms. These measures significantly restricted the supply of eggs, which caused a rapid increase in cost. Price increases were further exacerbated by a spike in demand due to consumer fears that prices would rise further.
In addition to allocating further resources to end avian flu outbreaks, the Trump administration has cleared the way for new imports of eggs from designated countries, including Brazil. The alleviation of supply constraints should help drive down prices further.
Secretary of Agriculture Brooke Rollins noted earlier this month that the measures have already contributed—for instance—to a 50 percent drop in wholesale prices in New York State.
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