Daily Flux Report

Eggflation: Dozen-Pack At Supermarket Hit Record Highs As Bird Flu Ravages Farms


Eggflation: Dozen-Pack At Supermarket Hit Record Highs As Bird Flu Ravages Farms

New retail price data shows supermarket prices of a dozen eggs have soared to record highs. The surge comes amid an ever-expanding bird flu outbreak that has led to the culling of millions of birds, denting the size of the nation's egg-laying hen population.

Bloomberg cited Expana data showing that a dozen eggs in the Midwest cost about $5.67 this week, exceeding the record high of $5.46 set in December 2022.

Expana's managing editor for eggs in the Americas, Karyn Rispoli, explained that a "potent combination of avian flu-related production losses and heightened retail demand throughout the holiday baking season" catapulted prices to record highs.

She said 17 million egg-laying hens and younger birds known as pullets had been culled since mid-October amid a surge in bird flu cases, adding that was one of the worst stretches in the current bird-flu outbreak since the virus first emerged in the nation's flock in February 2022.

"The virus also jumped to other species including dairy cattle, while a person was hospitalized with a severe case of H5N1 bird flu in Louisiana this week," Bloomberg noted.

And pointed out in the November CPI print: "A quarter of the November rise in prices for final demand goods is attributable to a 54.6-percent jump in the index for chicken eggs."

This comes as global food inflation has entered a dangerous phase of re-acceleration.

The best way cash-strapped households can hedge over the elevated food inflation storm is to produce their own food. Whether it's setting up a chicken coop, planting a garden, installing honeybee hives, or creating pastures for a few cows, now is the time to hedge against rising prices. It's not just about prices - it's also about health and security. Become ungovernable by taking back the food supply chain from the corrupt food industrial complex that heavily influences federal policy-making.

Previous articleNext article

POPULAR CATEGORY

corporate

4498

tech

4949

entertainment

5477

research

2482

misc

5683

wellness

4329

athletics

5808