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Diving Briefs:
- The USDA reported that the negotiated wholesale price of the rated eggs continued to “rapid downward trajectory” because of the “important development” of bird flu in March. Egg Market Overview ReportIt was released on Friday.
- According to USDA, the demand for groceries has fallen steeply over last week.
- According to the report, despite this positive trend in egg supply chains, food points are expected to remain “reduced”.
Dive Insights:
The grocery store has recently made progress in accumulating shell eggs as the supply of staple foods is more available, USDA reported.
The amount of eggs processed last week increased 6.5% (highest level in three months) according to the report. The total shell egg inventory increased by more than 5%, while the large shell eggs in the country increased 8.5%.
The USDA is not yet sure whether these conditions will continue, and added to whether the price will improve before the demand for Easter consumers is expected on April 20.
It was an egg price It was almost 59% higher in February According to the Consumer Price Index of the US Labor Statistics Bureau, it rose 12.5% a month from a year ago. According to the USDA report, the average price of eggs last month has an average of $ 5.90, which has risen 94 cents since January.
At the end of last month, the US Minister of Agriculture, the US Minister of Agriculture $ 1 billion To curb the ongoing bird flu, protect the US poultry industry and lower the price of eggs. This strategy includes $ 500 million for biological security measures, $ 400 million in financial relief for farmers, $ 100 million in vaccine studies, and measures to search for temporary import options.
But the five -year -old plan USDA struggles to reconsider employees Last month, the Trump administration was working for the development of bird flu during a wide range of dismissal of civil servants, but Politico reported.
