Egg Costs Fall From Record as Chicken Flocks Rebound From Flu
- Retail U.S. price drops 5% in October as imports increase
- Avian influenza drove costs up 52% in previous four months
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U.S. retail egg costs fell in October from a record reached after prices soared 52% in the previous four months following the poultry industry’s loss of 48 million birds caused by avian influenza.
Egg prices declined 5.3 percent to $2.808 a dozen from the all-time high of $2.966 in September, data from the Bureau of Labor Statistics showed Tuesday. The drop was the biggest since May 2014. In September, the number of laying hens rose for the third straight month, according to U.S. Department of Agriculture.