States Chronicle - Latest Breaking World News

Sunday, January 17, 2021
Log in
  • About Us
  • Contact Us
  • Authors
  • Investor Relations
  • Privacy
  • Terms of Use
  • Latest News
    • Right Colors for your Skin Tone
    • MOST ACTIVE NASDAQ After-Hours
    • iPhone 5C Release Date
    • Samsung Galaxy S5 Release Date
    • The History of the Atkins Diet

Eggmergency: Bird flu Causes Significant Spike in Wholesale Price of Eggs

June 3, 2015 By Janet Vasquez Leave a Comment

Email, RSS Follow

alt="Wholesale Eggs Awaiting Cleaning"

Bird flu has decimated plenty of poultry flocks in the Midwest, causing a significant spike in wholesale price of eggs. In turn, consumers and businesses find themselves in the situation of having to pay more for the product itself, as well as for the food made with it.

According to the U.S. Department of Agriculture, chicken and turkey producers from Iowa and Minnesota have been the worst-affected by the recent avian flu outbreaks, amounting to more than 44 million birds across the Midwest.

Chris Hurt, a Purdue University agricultural economist, explains that even though this figure sounds like a lot, the nation’s egg-producing capacity hasn’t been critically hit. However, a significant spike in prices was to be expected.

Hurt said that a look at the bigger picture of the egg industry shows why this raid of bird flu hasn’t made such a dent in the chicken and turkey market. These birds are relatively small, and they produce a lot of eggs; for reference, there were 358 million of egg layers reported in the United States in April.

However, the flu-related problems occurring in May had a near-doubling effect in the wholesale price of eggs. Individual consumers aren’t the ones most affected by this change, as the demand for eggs tends to remain the same in spite of price fluctuation.

Hurt said that a significant increase in price was needed in order to bring consumers’ demand back into accord with the expected supply. High-volume buyers and sellers are the ones who feel this price spike the most.

Often when egg costs increase, restaurants, bakeries and other companies using eggs in their prepared food, fail to pass the raised costs they are facing along to consumers. This means that companies are paying more to receive the same gain, cutting pretty deep into the businesses’ already thin margins.

But there are some winners in the situation, too. While egg producers who have lost entire flocks to avian flu will suffer, there are those who still have their healthy flocks – these are the beneficiaries of the price increase.

According to the U.S. Department of Agriculture, warmer weather is expected to reduce the flu’s transmission, as the virus affecting the birds loses power between 65 and 85 degrees. A survey from the Indiana State Board of Animal Health shows that 16 states have reported diagnosed cases.

Indiana’s chicken and turkey industry is the one fearing the outbreak the most, because the state is the nation’s third largest egg producer and turkey producer.
Image Source: Cleveland Blog

Email, RSS Follow

Filed Under: Markets

About Janet Vasquez

Janet hasn’t had the happiest of childhoods. Her parents shipped her off to a girl-only boarding school when she was merely a child. After a few years spent with the nuns she unexpectedly remained pregnant and was kicked from the school. But this didn’t hinder her.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 30 other subscribers

Doom and MiniDoom 2

Volunteer-Based Mexican Studio Releases Sidescrolling Doom Clone

March 12, 2018 By Georgia Dawson Leave a Comment

Chinese Mom and locked iPhone.

Toddler Locks Chinese Mom Out of Phone for Half a Century

March 9, 2018 By James Faulkner Leave a Comment

Alexa laughing

Amazon Alexa Laughing out of the Blue Puzzles Engineers

March 8, 2018 By Jack M. Robinson Leave a Comment

Flippy and the Burgers

Meet Flippy, World’s First Fast-Food Robotic Chef

March 6, 2018 By Georgia Dawson Leave a Comment

System Shock

System Shock Remastered Delayed, Nightdive Studios CEO Announces

February 19, 2018 By Janet Vasquez Leave a Comment

Sea of Thieves.

Sea of Thieves Optimized for Low-End PCs

February 14, 2018 By Georgia Dawson Leave a Comment

Sony and VR

Sony Touts New Generation of VR Controllers

January 31, 2018 By Deborah Cobing Leave a Comment

YouTube

YouTube Stiffens Its Monetization Policy to Discourage Spammers and Bad Actors

January 18, 2018 By Georgia Dawson Leave a Comment

Google Art Doppelganger

Google App Can Now Show Your Art Doppelganger

January 15, 2018 By Troy Rubenson Leave a Comment

YouTube mobile app logo on a smartphone

YouTube Now Enables Vertical Videos on iOS

December 24, 2017 By Janet Vasquez Leave a Comment

Samsung Galaxy S2 with a shattered screen

Cracked Smartphone Screens Are a Thing of the Past – Self-Healing Polymer Gets Fixed Just by Pressing It

December 20, 2017 By Janet Vasquez Leave a Comment

Bing logo on a white background

Bing Improves Its Search Results with the Help of AI and Reddit Integration

December 16, 2017 By Janet Vasquez Leave a Comment

White hashtag on a blue background

Follow Your Interests on Instagram by Directly Following Hashtags

December 14, 2017 By Janet Vasquez Leave a Comment

Samsung Galaxy S7 Edge on a leather seat

Samsung Galaxy Smartphones Make More People Happier as Compared to iPhones

December 13, 2017 By Janet Vasquez Leave a Comment

Related Articles

  • Why Conferences Are a Powerful Marketing Tool

    Apr 21, 2015
  • Sales Are Not a Priority this Season

    Jan 14, 2015
  • Facebook Will Keep Selling Ads Based on User Data

    Facebook Will Keep Selling Ads Based on User Data

    Sep 30, 2014
  • UK Trade Deficit widens in the second quarter

    UK Trade Deficit Widens as Geopolitical Tensions Accumulate

    Aug 8, 2014
  • Italy Enters Another Recession as its economy contracts for a second quarter

    Italy Enters Another Recession Period

    Aug 6, 2014
  • Chinese solar panel producers face punitive comercial measures

    U.S. Commerce Department Imposes Punitive Measures to Chinese Solar Panel Producers

    Jul 26, 2014
  • French Bank BNP Paribas to pay $8.7 billion fine

    French Bank BNP Paribas to pay $8.7 billion fine

    Jul 1, 2014
  • BIGGEST LOSERS NASDAQ Pre-Market – RIGL, DNDN, TLAB, AMBA, PTNR, HIMX, MGIC, MNKD, ZNGA, CMLS

    Aug 26, 2013
  • NASDAQ PRE-MARKET MOST ACTIVE – MTEX, AVNR, ONXX, MRGE, AMGN, JRCC, LOGI, UEPS, IBCP, MACK

    Aug 26, 2013
  • MOST ACTIVE NASDAQ Pre-Market – ONYX, FB, MSFT, SIRI, AMGN, AVNR, TSLA, RIGL, ASML, QQQ

    Aug 26, 2013

Categories

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Markets
  • National News
  • Nature
  • News
  • Politics
  • Science
  • Technology
  • Uncategorized
  • World

Copyright © 2021 statechronicle.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.