Egg Costs Fall From Record As Chicken Flocks Rebound From Flu

U.S. retail egg costs fell in October from a record reached after prices soared 52% in the previous four months following the poultry industry’s loss of 48 million birds caused by avian influenza.

Egg prices declined 5.3 percent to $2.808 a dozen from the all-time high of $2.966 in September, data from the Bureau of Labor Statistics showed Tuesday. The drop was the biggest since May 2014. In September, the number of laying hens rose for the third straight month, according to U.S. Department of Agriculture.

“We started to see the bird population rebound, and people were looking at ways to reduce or replace their egg products,” Brian Moscogiuri, an egg-market analyst at Urner Barry in Bayville, New Jersey, said in a telephone interview.

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