It appears it is time to start buying eggs again.
After months of passing on the culinary staple, it seems the price for eggs is crashing.
As of last week, Midwest large eggs cost just $0.94 per dozen in the wholesale market, according to Urner Barry, an independent price reporting agency, per CNN.
A carton of eggs was as high as $5.46 six months ago.
The decline, per the report, is due to a supply-demand reversal.
Last year, deadly avian flu reduced egg supplies. Add to that inflated feed and fuel costs and prices soared.
The wholesale price drop began in late March, according to Karyn Rispoli, senior egg market analyst at Urner Barry. Prices hit annual lows in early May and have stayed about steady since then, she said.
“While the egg market in 2022 was dominated by the bird flu, the market this year has been dominated by its absence,” Rispoli told CNN.
Mark Heim is a reporter for The Alabama Media Group. Follow him on Twitter @Mark_Heim. He can be heard on “The Opening Kickoff” on WNSP-FM 105.5 FM in Mobile or on the free Sound of Music App from 6 to 9 a.m. daily. studio show.
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