Good news for price-conscious consumers – a seasonal bump in retail egg prices that typically occurs just prior to Easter did not materialize in 2019, according to analysis conducted by American Farm Bureau Federation economists. An increase in the supply of eggs has placed downward pressure on retail prices.
“At 79 cents per dozen, retail egg prices showed a moderate price decline two weeks prior to Easter, rather than the normal seasonal bump,” explained AFBF Economist Michael Nepveux. In March, wholesale large egg prices averaged 93 cents per dozen, a 56 percent decline compared to a year ago.
The current supply of eggs is more than adequate to meet retail demand for the holidays, Nepveux noted. For more information, read the Market Intel update.