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Egg prices rise more than 64% in some states

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Egg prices continue to soar, putting further pressure on consumers’ wallets.

In December, egg prices rose the most in Arizona, Nevada and New Mexico, according to retail data firm Dataassembly, which collects real-time data from more than 200 retailers across North America, including Walmart, Kroger and Target. .

A 12-egg design is up more than 64% in all states mentioned, according to the retail data firm. That compares with the 18% increase seen in states like Oregon, California and Washington, according to the data.

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egg prices

Cartons of eggs in a freezer at a supermarket on January 8, 2023 in Los Angeles, California. (I RYU/VCG via Getty Images / Getty Images)

In November, supermarket prices rose 12% year-on-year, according to the Consumer Price Index. Egg prices, however, outperformed the overall index and showed the biggest annual jump of all food categories, rising 49.1% year-on-year.

The December CPI numbers, which will be announced on Thursday, will offer a broader view of the high cost of eggs.

Still, the average cost of a dozen Grade A eggs in November was $3.59, according to the Bureau of Labor Statistics. A year ago, the average cost of the same cartoon was $1.72, labor department data show.

The increase in costs is being attributed to rising labor, fuel and feed costs, combined with recurrent outbreaks of avian flu that have disrupted production.

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Chicken outside the henhouse

Red Star chickens roost in their coop on Tuesday, January 10, 2023, at Historic Wagner Farm in Glenview, Illinois. Anyone going to buy a dozen eggs these days will have to be ready to pay. That’s because a prolonged outbreak of bird flu, combined with rising (AP Photo/Erin Hooley/AP Images)

bird flu

Egg producers have been hardest hit by avian flu, which affected 58 million birds last year. More than 43 million of those birds, all killed to control the virus, were laying hens.

“Recurrent HPAI [Highly Pathogenic Avian Influenza] outbreaks continued to disrupt normal production and trading patterns in November, negatively impacting export business,” the US Department of Agriculture (USDA) said in a report last week.

In its report, the USDA said record egg prices have started to ease, although “it will take a while before this is reflected in the case of dairy.”

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ticker Safety Last Change Change %
CALM CAL-MAINE FOODS INC. 52.50 -1.11 -2.07%

Cal-Maine Foods, the largest U.S. producer and distributor of fresh shell eggs, said last month it was closely monitoring the current HPAI outbreak that was first detected in commercial batches in the U.S. in February 2022.

“The current HPAI epidemic has surpassed the previous 2014-2015 outbreak in terms of the number of chickens affected in the US, and HPAI continues to circulate throughout the wild bird population in the US and abroad,” the company said in a statement. the press.

Cal-Maine noted that there have been no positive HPAI tests at any of its owned or contracted production facilities as of December 28, 2022.

“The company believes that the HPAI outbreak will continue to put downward pressure on overall egg supplies, and the duration of these effects will depend in part on the timing of replenishment of the US laying hen stock,” said Cal-Maine.

The company posted record quarterly sales, up 110% to $801.7 million, in the fiscal second quarter ended November 26, 2022.

Net income was a record $198.6 million.

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egg prices

Half-empty egg shelves are seen at a supermarket on January 8, 2023 in Los Angeles, California. (I RYU/VCG via Getty Images / Getty Images)

For now, “eggs remain a protein that is competitively priced with other animal proteins.” USDA said.

This occurs at a time when demand for the product remains high.

“As the new year begins, more than a few consumers are looking to modify their food choices to support healthier lifestyle resolutions, and eggs remain a popular choice,” the agency added.

The Associated Press contributed to this report.

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