Egg prices rising after lows
Egg-type hatching egg production in July down 25% from a year ago.
The U.S. Department of Agriculture’s (USDA) Agricultural Marketing Service reported in its August “Economic Landscape” reported that table egg prices are rising after experiencing the lowest prices seen in a decade.
According to the report, June table egg production on July 1 totaled 623 million dozen, up 3% from June 2016. The number of birds in the table egg flock was 310 million, up 1% compared to a year earlier. Egg-type hatching egg production was 73 million eggs, down 25% from a year ago.
There were 1.03 billion broiler-type hatching eggs produced in June, up 1% from last year. The broiler-type laying flock on July 1 was 56.5 million hens, 3% above July 2016.
Shell eggs broken totaled 198 million dozen during June 2017, down 1% from June a year ago but 1% below the 196 million broken in May.
While egg prices have been extremely low, USDA AMS said that table egg prices did experience a seasonal rise in July. The wholesale price of one dozen Grade A Large eggs in the New York market rose 20 cents over from June to July to end at 98 cents/dozen.