Shoppers at the state’s largest grocers are seeing even higher prices, paying up to $5 a dozen: A dozen eggs at Walmart costs about $4.72, $4.39 at Meijer and $3.69 at Kroger, according to online store advertising. Specialty grocery stores are charging closer to $8 per dozen for pasture-raised or organic eggs.
Related:
- Michigan businesses with hourly workers fret over continued pay hikes
- Used car prices are falling, but ‘seller’s market’ likely to last for years
- Bridge Michigan’s Economic Dashboard
- Michigan braces for recession: What to watch, from inflation to home prices
- Value of Michigan’s largest public companies dropped by over $120B in 2022
In contrast, the retail price for a dozen eggs in January 2022 was about $1.93.
The rising costs of feeding chickens and transporting their eggs are factors for the high egg prices, but experts told Bridge Michigan the main reason for the price increase is avian flu, a virus most common among wild birds.
Read more : Why Was The Book Of Enoch Removed From Bible
Over 57 million chickens were killed across the country since the beginning of 2022 as a result of the outbreak. It is the largest avian flu outbreak since 2014, the CDC reported.
“There’s a lot of uncertainty with how this latest outbreak … is going to continue to play out,” said David Ortega, associate professor for the Department of Agricultural, Food, and Resource Economics at Michigan State University.
“The good news is that once this outbreak ends, we will start to see farmers start to replenish the inventory of their birds and see egg prices come down because this is an acute supply shock,” Ortega told Bridge.
Flu outbreaks typically occur during the fall and spring as wild birds migrate between northern and southern states, said Ernie Birchmeier, livestock and dairy specialist at Michigan Farm Bureau.
Read more : Why Did Doc Rivers Leave The Celtics
Enhanced biosecurity measures like proper ventilation in facilities, limiting traffic flow and wearing clean clothing when coming in contact with the birds, prevent outbreaks.
The most efficient way for farmers to get rid of an outbreak is to depopulate their facilities, which decreases revenue for farmers. It can take up to five months for a hen to set and be able to hatch eggs again.
“If we get through [the] spring season without any major problems and those farmers are able to restock their buildings, we should have a softening in prices during the second and third quarter of this next year,” Birchmeier said.
The second largest outbreak of the avian flu occurred between 2014 and 2015, when 50 million birds were infected. Before the outbreak, egg prices were $1.93 a dozen, increasing 54 percent at their peak in fall 2015 before the outbreak ended late that year.
Michigan is one of the top egg manufactures in the country, producing over 4 billion eggs each year, according to the U.S. Department of Agriculture.
Source: https://t-tees.com
Category: WHY
