Egg Prices Drop Sharply After Record Highs, but Relief at Stores Lags

Soaring egg prices in the U.S. have begun to decline due to reduced bird flu outbreaks and lower demand, though retail prices remain elevated.

Wholesale egg prices in the U.S. have fallen to an average of $4.15 per dozen, down from a peak of $8.64 earlier this month.
The decline is attributed to a lull in bird flu outbreaks and a sharp drop in consumer demand driven by high prices.
Despite the wholesale price drop, retail prices remain high, with some consumers paying over $5.90 per dozen in February.
U.S. Customs and Border Protection has reported a 36% rise in egg smuggling cases as Americans seek cheaper alternatives from Mexico and Canada.
The Department of Justice is investigating potential price-fixing by major egg producers, while the USDA is investing in biosecurity and considering increased imports to stabilize prices.