00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Egg prices in the U.S. have dropped sharply to about $2.50 per dozen as the nation's
00:08egg supply recovers from last year's avian flu outbreak that wiped out tens of millions
00:12of laying hens, according to NPR.
00:14The number of egg-laying chickens has increased by about 9 million from a year ago, helping
00:19push supermarket egg prices down 42% over the past 12 months.
00:23While lower prices offer relief for consumers, egg farmers are facing financial pressure
00:28as wholesale prices have fallen more than 90% to around $0.70 per dozen, a level some
00:34economists say is below production costs.
00:36Egg farmers have increased biosecurity measures to prevent avian flu outbreaks as they rebuild
00:42their flocks.
00:42For all things money, visit Benzinga.com.
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