*Egg prices have been a significant concern for many Americans, but there’s a silver lining as prices begin to decline, sparking some optimism.
President Donald Trump recently highlighted the drop in egg prices, stating, “When I took it over, eggs were through the roof, and now eggs are down.”
White House Press Secretary Karoline Leavitt also pointed out that wholesale egg prices have decreased significantly.
“Wholesale egg prices, they continue to fall. A dozen eggs are now $3.10 cheaper since January 24. That’s a 47% decrease overall,” Leavitt said, per CNN. “So I think the American people do have great reason to be optimistic about this economy.”
According to the USDA, wholesale egg prices fell to $4.15 per dozen, down 30% from the previous week. However, the average price consumers are paying is still around $5.90 per dozen, which is actually higher than last month.
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The disconnect between wholesale and retail prices has left consumers feeling frustrated. While prices for eggs in grocery stores have risen 10.4% in February, businesses also saw a steep 28.1% increase. While the USDA reports a decrease in avian flu cases as a factor in the decline, the impact of the Trump administration’s response plan, aimed at addressing the outbreak, remains unclear.
“These declines (in prices) have yet to be reflected at store shelves and, until they are, demand is expected to remain dampened,” the USDA said.
The Independent reports that egg prices are projected to rise by 20.3% by the year’s end, following an 8.4% increase in December 2024. This surge is primarily linked to a bird flu outbreak that began in 2022, killing over 20 million egg-laying chickens in late 2024 and more than 111 million birds overall. Some grocery stores have even imposed limits on the number of eggs customers can purchase. The outbreak has strained the supply of cage-free eggs, particularly in states like California, which require all eggs sold to be cage-free.
“It’s the first time in my life that I’ve ever had to be kind of embarrassed on what I’m selling eggs for,” Mike Vickers, a manager at Sentyrz Liquor & Supermarket in Minneapolis, said. “And it’s not our fault. We’re paying today $7.45 for a dozen eggs. We’re selling for $7.59. We’re making $0.14. That’s doesn’t pay the bills.”
Inflation has driven grocery prices to an expected increase of 1.3% in 2025.
Meanwhile, the import of millions of eggs from Mexico and Turkey is helping ease the egg supply shortage, according to CNN.
READ MORE FROM EURWEB.COM: Record-High Egg Prices Expected in 2025 Amid Bird Flu Outbreak and Inflation
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