What the cluck? .... Egg prices soaring
(MarketWatch) You might not be able to catch bird flu, but it could make you sick—of soaring egg prices, that is.
When supply declines and demand remains relatively stable, prices rise—that is basic economic theory. When egg supplies are dramatically reduced, wholesale prices of eggs spike higher—that is reality.
The U.S. Department of Labor said in its May report on producer prices earlier Friday that the price of eggs for fresh use had shot up a seasonally-adjusted 42.9% in the latest month.
And the latest report from the U.S. Department of Agriculture said the combined regional weekly average price for large eggs rose to about $2.43 a dozen, more than double the price from a month before, and more than double the three-year average. ...........(more)
The complete piece is at: http://www.marketwatch.com/story/egg-prices-soar-as-bird-flu-fears-come-home-to-roost-2015-06-12
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