U.S. egg prices hit record levels as pandemic buying boosts demand
By Editor - Thu Mar 26, 6:09 pm
Increased demand for eggs in the United States has sent egg prices soaring in recent weeks as consumers scramble to stock up on staples due to coronavirus shutdowns. Wholesale prices of “Midwest large” eggs hit an all-time high of $3.09 a dozen on Thursday, triple their level in early March, before President Donald Trump declared a national emergency, according to the Urner Barry market reporting service that provides daily monitoring of commodity egg prices. Consumer prices have also increased, although not quite as much as wholesale prices, experts said, since some grocery stores have not passed on the higher wholesale prices – at least for now.