-April 28,2023-
Eggs take a deep dive
Egg prices took a deep dive in the past week selling wholesale in California for under $1 a dozen say USDA.. That is down from $1.50 a dozen a week ago and down from $3 a dozen this time last year. Wholesale prices don’t reflect what you are paying retail but earlier in April Costco was selling 2 dozen cage free eggs for $5.99 and Walmart has a current price of $2.67 a dozen.Target is at $3.59 a dozen. Egg prices in California were routinely above $7 a dozen a year ago. A bird flu epidemic helped boost prices when millions of egg laying chickens died.Helping to lower prices now is the return of the flock as well as lower feed costs.
CPORN FUTURES ARE DOWN THIS SPRING-BULLISH FOR LIVESTOCK INDUSTRY
Used car prices down 4%
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 2.7% from March in the first 15 days of April. The midmonth Manheim Used Vehicle Value Index dropped to 231.7, which was down 4.0% from the full month of April 2022.