Current:Home > reviewsSurpassing:Eggs prices drop, but the threat from avian flu isn't over yet -Wealth Axis Pro
Surpassing:Eggs prices drop, but the threat from avian flu isn't over yet
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-10 02:44:52
Maybe you've seen the funny internet memes about high egg prices?Surpassing 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! (287)
Related
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Tim McGraw and Faith Hill’s Daughter Gracie Shares Update After Taking Ozempic for PCOS
- Chuck Todd Is Leaving NBC's Meet the Press and Kristen Welker Will Become the New Host
- Midwest Flooding Exposes Another Oil Pipeline Risk — on Keystone XL’s Route
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Arkansas Residents Sick From Exxon Oil Spill Are on Their Own
- Overdose deaths from fentanyl combined with xylazine surge in some states, CDC reports
- House Votes to Block Trump from Using Clean Energy Funds to Back Fossil Fuels Project
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Education Secretary Miguel Cardona: Affirmative action ruling eliminates a valuable tool for universities
Ranking
- Former longtime South Carolina congressman John Spratt dies at 82
- House Republicans request interviews with Justice Department officials in Hunter Biden probe
- What are red flag laws — and do they work in preventing gun violence?
- You Might’ve Missed This Euphoria Star’s Cameo on The Idol Premiere
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- This Affordable Amazon Cooling Towel Will Help You Beat the Summer Heat
- Kaley Cuoco Reveals Her Daughter Matilda Is Already Obsessed With the Jonas Brothers
- Fearing Oil Spills, Tribe Sues to Get a Major Pipeline Removed from Its Land
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
What is affirmative action? History behind race-based college admissions practices the Supreme Court overruled
Peter Thomas Roth Flash Deal: Get $260 Worth of Retinol for $89 and Reduce Wrinkles Overnight
Taylor Swift and Matty Healy Break Up After Whirlwind Romance
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Spoil Your Dad With the Best Father's Day Gift Ideas Under $50 From Nordstrom Rack
Overdose deaths from fentanyl combined with xylazine surge in some states, CDC reports
Read the full text of the dissents in the Supreme Court's affirmative action ruling by Sotomayor and Jackson