BATON ROUGE, La. (BRPROUD) – With Easter just a few days away, expect to pay a little more for basic household items like eggs.
The price of eggs has skyrocketed. Inflation is at a 40-year high as it increased 8.5% over the last year, according to the Bureau of Labor Statistics.
Gerry Romero has been doing poultry research for the last 19 years with the LSU Agriculture Center, he said the driving force behind the increased egg prices includes a few factors.
“There’s two things that you mostly feed poultry and that’s corn and soybean meal and the soybean meal has almost doubled in price lately. We went from paying twelve cents a pound to twenty-eight cents a pound. It costs close to 5,000 to 8,000 dollars a week to feed the chickens,” said Romero.
Paired with the seasonal demand for eggs, higher prices are usual during this time of the year, but Romero said the outbreak of a bird flu virus has brought new challenges.
“One bird gets sick and you have to pretty much euthanize all your flock, and you’re talking about thousands and millions of chickens and eggs we can’t use. The Midwest right now is having a big case of the Avian Influenza,” said Romero.
Bird flu can impact long-term prices for eggs depending on the spread of the flu, decreasing potential supply and increasing prices for you at the grocery store. Romero said feed prices could improve if farmers have a successful grow season.
“The prices of eggs are going to go up depending on the prices of feed,” said Romero.