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on April 29, 2020

Retail egg prices, foodservice impacted by COVID-19

Urner Barry explains how the egg market has been impacted by panic buying and how a change in demand has created unprecedented issues for egg producers who supplied the foodservice sector

Retail orders for eggs increased dramatically in the beginning weeks of COVID-19-related panic buying. The U.S. Department of Agriculture (USDA) reported for three consecutive weeks that egg inventories were down 10%, which is a rapid decline, especially when higher inventory numbers were expected with Easter approaching, Brian Moscogiuri, director…

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