Remember Eggflation? Prices Are Plummeting Right Now, New Stat Shows
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The largest egg producer in the U.S. reported quarterly financial results yesterday that showed egg prices are down approximately 50% year-over-year.
According to Cal-Maine Foods Inc‘s (NASDAQ:CALM) second-quarter (Q2) results, net average selling price per dozen was $1.458 for conventional eggs during Q2 2024, down 49.4% compared with $2.883 for Q2 2023.
The Demise of Eggflation
Statistics from the U.S. Bureau of Labor Statistics validate the same. Egg prices have been declining since hitting its peak average price of $4.82 in January 2023. …
Full story available on Benzinga.com
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