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“We can’t begin fixing it the next day. It is really a six-to-nine-month process. It’s causing some shortages in certain markets that are intermittent and localized,” said Emily Metz, president and CEO of the American Egg Board.
analyzing the performance of atul auto limited (atulauto) stock ✌️【Stock Strategy】✌️ Expert predictions of stock trends to help you select high-potential stocks accurately, along with free real-time market data on stocks, futures, and commodities. Maximize your growth potential by staying updated on market movements. The average price of a dozen eggs of any kind at the end of December was $4.33, up nearly 25% from the beginning of November, according to Nielsen IQ data provided by the American Egg Board. And that’s on top of what has already been a startling rise throughout the year: Egg prices were up 37.5% year-over-year in November, according to the Consumer Price Index.
analyzing the performance of atul auto limited (atulauto) stock ✌️【Stock Strategy】✌️ Free real-time stock market analysis, market dynamics reports, and expert insights into stocks, metals, energy, and agricultural products. Make profitable decisions by leveraging our advanced market forecasting tools. At one King Cullen store in Island Park, New York, a sign on the Long Island supermarket’s empty egg shelf read “as a part of Avian Influenza, select egg varieties may be temporarily out of stock.”
Publix, which has nearly 1,500 grocery stores, mainly in the south, confirmed the chain is experiencing egg shortages as well.
“Items in this section have limited availability. We are working to bring these products back as soon as possible,” the company said in a statement.
Egg prices were expected to rise around the holidays because of seasonal demand and a bad year of avian flu. But as the holidays came and went, supply didn’t stabilize; it dwindled instead, leaving shelves less stocked and prices higher.
In the last two months, avian flu spread to dairy farms, infecting egg farms nearby. Extreme weather across the country delayed and changed the flight path of wild birds, the main carriers of the virus.
“Hurricanes in the southeastern United States last year actually picked up those wild birds and repositioned them so that they were flying back over the same territory that they already flew over. And again, that just provides a greater opportunity for virus to spread,” said Metz.
analyzing the performance of atul auto limited (atulauto) stock ✌️【Stock Strategy】✌️ Receive expert stock predictions with real-time updates on global market trends, including stock indices, futures prices, and forex fluctuations. Use our insights to improve your investment strategies and boost your returns. Morton Wiliams, a tri-state area grocery chain in the surrounding areas of New York City, has seen egg prices rise across all categories since December.
“Our cost just skyrocketed. It was crazy,” said Steve Schwartz, director of sales and marketing at Morton Williams.
analyzing the performance of atul auto limited (atulauto) stock ✌️【Stock Strategy】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. Schwartz said the grocery chain buys from six egg distributors, which allows for multiple channels to get its eggs. But prices remain troubling.
In mid-October, a dozen conventional eggs cost Morton Williams $2.38. This week they paid their distributors $5.48, and that’s with a 70-cent discount, said Schwartz.
“We’re going to struggle through this for a while because when I spoke to the farm a week ago, I asked the question: ‘When do you expect to see relief?’” Schwartz said.
analyzing the performance of atul auto limited (atulauto) stock ✌️【Stock Strategy】✌️ Stay informed with expert predictions of stock trends and real-time market data, covering global indices, futures, metals, and agricultural products. Make better decisions and achieve consistent growth in your investments. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free High-Profit Stock Picks 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
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