ARLINGTON, Va.—Having lingered near record highs for months, egg prices will fall dramatically this year provided the United States does not see a rebound in outbreaks of bird flu, the U.S. Department of Agriculture (USDA) said on Thursday.
The price drop would be a welcome relief to shoppers who have paid much more for eggs in recent months than ever before. The price of a dozen eggs was up 150 percent in January from a year prior, to $4.80 a dozen, according to data from the Bureau of Labor Statistics.
In 2023, wholesale egg prices will fall 26.8 percent, USDA Chief Economist Seth Meyer said in a presentation at the annual USDA Agricultural Outlook Forum in Virginia on Thursday….