America's egg crisis is over.
Not only have shortages disappeared, but there are signs of an emerging glut. U.S. prices have tumbled 75 percent from a record in August, after the biggest bird-flu outbreak ever forced farmers to destroy flocks. Since then, the laying-hen population has rebounded faster than expected while demand languished from home chefs to food makers.
With supplies returning to normal, wholesale prices are near a five-year low. The cost of making everything from quiches to cakes is less than before avian influenza killed more than 35 million laying hens and the government spent $1 billion to prevent the disease from spreading.
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