Strong domestic egg prices depress exports

Strong prices for table eggs have depressed egg exports, with shipments down 18 percent through July.

Exports of eggs have been lower to almost all major traditional markets; however, much of the decline stems from sharply lower egg and egg product shipments to Mexico and Hong Kong (shipments to both markets down over 40 percent).

The only major market that has shown an increase is U.S. exports to Canada. Exports to this market were up 23 percent in the first seven months of 2008, compared with 2007, notes USDA in a recent report. With strong domestic prices forecast for the remainder of the third quarter and into the fourth, exports are expected to remain below a year earlier through the rest of 2008.

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