Egg Prices Drop Sharply, but Consumers Face Delayed Relief

Wholesale egg prices have fallen to $3.45 per dozen, but retail prices remain elevated due to supply chain lags and cautious retailer adjustments.

Wholesale egg prices have dropped over 57% from their early March peak of $8.17 per dozen to $3.45, the lowest level in nearly five months.
Retail prices remain high, averaging $5.90 per dozen, as grocery stores delay passing on savings due to inventory and pricing strategies.
The U.S. Department of Justice is investigating potential price manipulation by egg producers during the shortages caused by avian flu outbreaks.
Improved supply, reduced demand, and fewer avian flu outbreaks have contributed to the sharp decline in wholesale prices.
The Easter season is expected to temporarily increase demand and potentially drive prices higher, complicating efforts to stabilize the market.