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marmar

(77,081 posts) Fri Jun 12, 2015, 10:35 PM Jun 2015

What the cluck? .... Egg prices soaring

(MarketWatch) You might not be able to catch bird flu, but it could make you sick—of soaring egg prices, that is.

When supply declines and demand remains relatively stable, prices rise—that is basic economic theory. When egg supplies are dramatically reduced, wholesale prices of eggs spike higher—that is reality.

The U.S. Department of Labor said in its May report on producer prices earlier Friday that the price of eggs for fresh use had shot up a seasonally-adjusted 42.9% in the latest month.

And the latest report from the U.S. Department of Agriculture said the combined regional weekly average price for large eggs rose to about $2.43 a dozen, more than double the price from a month before, and more than double the three-year average. ...........(more)

The complete piece is at: http://www.marketwatch.com/story/egg-prices-soar-as-bird-flu-fears-come-home-to-roost-2015-06-12

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What the cluck? .... Egg prices soaring (Original Post) marmar Jun 2015 OP

Eggs have almost always been remarkably cheap. SheilaT Jun 2015 #1

SheilaT

(23,156 posts)

1. Eggs have almost always been remarkably cheap.

Reply to marmar (Original post)

Sat Jun 13, 2015, 12:22 AM

Jun 2015

Until the price goes above 50 cents per egg, I'll still buy them as much as I ever do. It will be interesting to see how much this increase affects the price of breakfast with eggs at restaurants.

Above 50 cents per egg, I'll pay more attention, but for me a dozen eggs usually lasts a couple of weeks. It's not a huge part of my food budget.

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