Your link is wholesale prices of white non-organic caged eggs, updated daily. It also excludes the eggs sold on long term contracts.
The AP article takes the CPI report of the consumer price of all eggs (white vs brown, organic vs non organic, caged versus cage free versus free range) in a weighted average of how much is sold, and averages over the entire month. Plus retailers simply can’t update prices daily, and prefer to price things at numbers that end in 9.
The bird flu issues seemed to affect caged non-organic producers harder, so that those prices moved a lot more than the free range organic stuff. That led to some unexpected flips of which was more expensive, as I’d seen some traditional eggs going for $8.99 (up from around $3 before) while the free range organic stuff was only slightly up to $7.99 (up from about $5 before), literally in the same store on the same shelves.
Taken all together, you’d expect the monthly CPI price of an average of all types of eggs to be much less volatile than the daily wholesale spot price of the cheapest type of grade A whole fresh eggs.
Anecdotally I’ve already seen egg prices drop this month. Lots more availability of the sub-$5 options when I was in the store earlier this week. I’d expect next month’s CPI report, about the current month, to reflect a drop in retail egg prices.
It peaked last month but has actually dropped a lot since then: https://tradingeconomics.com/commodity/eggs-us
I assume it’s because the price was so ridiculously high that the reduction in sales was finally felt by suppliers. Trump did nothing to help.
Your link is wholesale prices of white non-organic caged eggs, updated daily. It also excludes the eggs sold on long term contracts.
The AP article takes the CPI report of the consumer price of all eggs (white vs brown, organic vs non organic, caged versus cage free versus free range) in a weighted average of how much is sold, and averages over the entire month. Plus retailers simply can’t update prices daily, and prefer to price things at numbers that end in 9.
The bird flu issues seemed to affect caged non-organic producers harder, so that those prices moved a lot more than the free range organic stuff. That led to some unexpected flips of which was more expensive, as I’d seen some traditional eggs going for $8.99 (up from around $3 before) while the free range organic stuff was only slightly up to $7.99 (up from about $5 before), literally in the same store on the same shelves.
Taken all together, you’d expect the monthly CPI price of an average of all types of eggs to be much less volatile than the daily wholesale spot price of the cheapest type of grade A whole fresh eggs.
Anecdotally I’ve already seen egg prices drop this month. Lots more availability of the sub-$5 options when I was in the store earlier this week. I’d expect next month’s CPI report, about the current month, to reflect a drop in retail egg prices.