The wholesale price of eggs shot up at a record pace during
May in the United States, hitting highs of $1.25 to $1.29 per dozen in the
Northeastern states.
That was a 42 per cent increase from April. There has never
been a price spike so sharp.
Avian influenza in Mexico is the reason because Mexico
increased imports from the U.S.
Mexican production is increasing now and U.S. prices have been
coming down almost as fast as they went up.
The current wholesale prices are ranging from 87 to 91 cents
a dozen.
When the U.S. price rises, it leaves more money in the
pockets of Canadian egg farmers because it doesn’t cost them as much to
underwrite the diversion of eggs from the fresh table market to processing.
The price for processing eggs tracks U.S. prices in a policy
designed to keep the Canadian market for Canadian producers.
The result is a much lower price for Canadian eggs for
processing than for the fresh-egg market.
