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record egg pricesVOA
•Business
Business & Economics
73% Informative
Some 30 million egg layers have been wiped out just since January , disrupting egg supplies.
The number of egg layers has dropped by about 12% from before the outbreak to 292 million birds.
"Our farmers are in the fight of their lives, period, full stop," American Egg Board President Emily Metz says.
Inflation in the costs of feed, fuel and labor have contributed to rising egg prices, and farmers have been investing in biosecurity measures to help keep the virus away. So production costs also appear to be at an all-time high, according to the U.S. Bureau of Labor Statistics' producer price index. "This isn't a case where they're taking the price up to gouge the market. It is the price is going up through auction at wholesale. And they're benefiting from higher prices because supplies are tight," University of Arkansas agricultural economist Jada Thompson said..
VR Score
84
Informative language
88
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53
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English
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