It's Not Just You: Egg Prices Are Approaching an All-Time High
If you're thinking of blaming the unusually high cost of your favorite breakfast staple on Easter, you aren't wrong—egg prices in the United States have soared to all-time high after many home cooks served (and decorated!) classic egg dishes last Sunday.
According to data collected by the U.S. Department of Agriculture, the wholesale cost of a dozen eggs in the Midwest is now two times what it was at the beginning of March. On average, eggs are ringing up at $2.71 per dozen for wholesalers, just under the record of $2.77 set in August 2015 when the European avian flu was a major concern, as Bloomberg reports.
And for shoppers like you, maybe you've noticed that prices for a dozen eggs are almost 40 percent higher than what they've normally been. A survey conducted by the American Farm Bureau Federation illustrated the price jump, which is a big difference from this time last year, where prices were low at an average of $1.32 per dozen.
It's no secret that egg prices often rise in the weeks leading up to Easter, due to demand. (If you still have leftovers, now is a good time to make some deviled eggs.) But Easter came earlier this year, and smack in the middle of one of the worst winter seasons for Americans along the Atlantic seaboard. We all know too well that adverse weather can drive up prices at the supermarket.
There's a silver lining: The United States had more than 385 million hens in March, the most in over a decade, and up 2.5 percent since 2016, according to the United States Department of Agriculture.
With all those hens, there will be lots of eggs to be had—and if you remember anything from economics class, more supply equals less demand and, eventually, lower prices.