Introduction
On June 3rd, 2024, Brian Moscogiuri, our well-regarded Global Trade Strategist at Eggs Unlimited, delivered an insightful presentation at the Sosland Publishing Purchasing Seminar in Kansas City, MO. The seminar, known for gathering industry leaders to discuss pivotal market trends, was the perfect platform for Brian to share his insights on “The Outlook for Eggs and Egg Products Amid HPAI and Other Challenges.”
Addressing the Core Challenges: HPAI and Beyond
Brian’s presentation delved into the significant impact of Highly Pathogenic Avian Influenza (HPAI) on the egg industry. Since 2022, the United States has faced the devastating effects of HPAI, with over 70 million commercial table egg layers affected. The spring outbreak alone accounted for over 14 million losses since March 1st, underscoring the severe disruptions the industry has endured.
Market Dynamics in a Volatile Environment
Beyond HPAI, Brian examined several other market drivers influencing the egg industry. He discussed the rising costs due to inflation, the increasing demand for clean labels and consumer trends, packaging challenges, freight issues, and the fluctuating prices of key feed components like corn and soybeans. These factors, combined with biosecurity concerns, inventory levels, industry consolidation, and occasional plant issues, have created a complex and volatile market landscape.
Market Drivers Outside of AI
- Inflation
- Clean labels/consumer trends
- Packaging
- Freight
- Biosecurity
- Corn/soybean – feed prices
- Inventory levels
- Consolidation
- Plant issues
Egg Prices and Market Volatility
Egg prices have been a significant concern for consumers and industry players alike. Despite the volatility, eggs remain a cost-effective protein source. Brian emphasized that even at $5.00 per dozen, the cost per egg is only $0.417, making it a valuable choice for consumers. However, the future of the egg market remains uncertain, with factors such as avian flu, inflation, feature activity, import/export dynamics, and upcoming cage-free initiatives playing crucial roles.
The Future of the Egg Market
Looking ahead, Brian projected that the egg market would continue to face volatility due to several influencing factors. The transition towards cage-free eggs by 2025 is expected to bring significant changes. Additionally, production inputs, potential plant disruptions, and the overarching impact of avian flu will shape the industry’s trajectory.
Eggs Unlimited’s Commitment to Leadership and Innovation
We are very proud of Brian Moscogiuri for representing Eggs Unlimited at this event. His insights not only highlight the current challenges and opportunities within the egg industry but also reinforce our commitment to industry leadership and innovation. At Eggs Unlimited, we are dedicated to navigating these complexities to ensure the timely delivery of high-quality eggs and egg products to our customers worldwide.
For more information about our services and how we can assist you in navigating the egg market, please visit our website or contact us directly. Let’s work together to build a resilient and prosperous future in the egg industry.
Why Eggs Unlimited?
As one of the largest egg producers in the U.S., Eggs Unlimited is well equipped to face any challenge. That includes increasing demand for eggs, issues with a specific farm, and challenges across the supply chain. As customers explore their egg options, our knowledge, resources, and experience can help them make smart, cost-effective choices.
At Eggs Unlimited, we partner with farmers and suppliers that care about their animals and the environment. We’re proud to work with farmers who follow robust environmental and ethical practices. Plus, with our global reach, we can take on any challenge for customers all around the world. We always have a way to meet – and exceed – our customers’ expectations.
Connect With Top Egg Producers
Connect with the Eggs Unlimited Sales team to learn more about your egg options. eusales@eggsunlimited.com