Strong egg prices likely in 2008

Prediction is according to USDA’s latest Livestock, Dairy, and Poultry report.

The department forecasts fourth quarter 2007 prices to be $1.03 to $1.05 per dozen, New York; 95 cents to $1.03 for the first quarter 2008; and 83 to 89 cents per dozen for the second quarter.

ERS forecasts 2008 annual prices to be 89 to 97 cents, compared to $1.03 to $1.05 this year; 71.4 cents in 2006; 65.5 cents in 2005; and 82.2 cents in 2004.

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