Egg prices skyrocketed because millions of birds were killed off due to bird flu. Biden Admin arguably went a little overboard with forcing more kills than necessary.
Suspected and anticipated bird flu
True. However, I think Shukla does a disservice of broadening the scope to food prices in general. Perhaps there may be some adjustments in foods that use eggs as an input, but I don’t think consumers should expect much of an impact on most food products.
True and it takes about six months for new egg layers to come online. Prices should be stabilizing soon.
Understatement of the millennium.
And it doesn't take long to create a generation of egg layers, just 6-8 months. During COVID, my BIL was driving a rendering truck and Iowa farmers were killing tens of thousands of pigs. Unlike cattle, processors want a certain size pig, plus they need to be in containment & expensive feed. Cows can stay outside & sustained on grass & hay.