Egg prices appear to be taking a supply and demand market-driven tumble, according to a Texas A&M AgriLife Extension Service expert.
Consumers might have noticed lower egg prices over recent weeks, and David Anderson, Ph.D., AgriLife Extension economist, Bryan-College Station, expects that trend to continue.
Egg supplies are still below where production was a year ago, but supplies continue to rise amid declining purchases, he said. Rising supplies and weaker demand are driving egg prices downward.
Producers continue to rebuild the table egg-laying flock that was hit hard by the avian flu outbreak beginning in February 2022. While egg production has increased, Anderson said demand typically dips after Easter before climbing again around Thanksgiving Day and through the fall holiday season.
“Some of the demand issue is seasonal, but consumer response to higher egg prices is also part of it,” he said. “Meanwhile egg producers continue to increase production, and the market is responding to the supply and demand factors. It’s a good example of how the market works.”
