Last week, the average price fell to a remarkably low $4.15 per dozen, plummeting by a whopping $2.70 from the February 28 figure of $8.05.
Yes, you read that right: our favorite breakfast staple is suddenly cheaper, at least for those who buy eggs in bulk.
The drop comes as falling demand, a lull in the worst avian flu outbreaks in U.S. history, and a later-than-usual Easter have combined to cool off the egg market.
In a recent USDA report, officials noted that “demand for eggs declined sharply over the past week as consumers grow weary of overblown prices, and supply is finally catching up with reality.”
Although these promising wholesale figures haven’t yet trickled down to the store shelves—where the average price still hovers around $5.90 per dozen—the news is already giving hope to those who prefer their eggs scrambled without a side of sticker shock!
Meanwhile, the Justice Department has been pecking into the matter, launching an investigation into major egg producers over soaring egg prices.
Political pundits have been egging each other on, with one former administration official declaring that “this is the first time we’re finally cracking down on corporate egg-sploitation!”
At a press event, a top political figure even chimed in with, “By the way, egg prices are down 35% in the last week and a half. We’re doing a good job!”
It’s the kind of feather-ruffling news that has both parties laying out their arguments, though perhaps not as spiritedly as a debate over the correct way to poach an egg!
Not to be outdone by the political arena, some grocers are already planning measures to combat the slow-but-steady fall in demand.
Limits on egg purchases have been introduced in some areas, and a few major retailers are rumored to be in talks about a “price-matching guarantee” if the store shelf prices eventually catch up to the wholesale market.
For now, as experts cheer the return of affordable eggs in the wholesale market, consumers remain cautiously optimistic.
After all, in a world where egg prices can be as unpredictable as the morning weather, a few weeks of lower costs is enough to make anyone feel like they’ve won the breakfast lottery.
The promise of a less egg-streme economic landscape is enough to give even the most frugal shopper a reason to smile—and maybe crack an egg joke or two!
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