Overtaken By Events:
Category Archives: commodities
The Outlook for Grocery Prices and Eggs (pre-tariff)
So much for grocery prices dropping on day one. Some forecasts from ERS, TradingEconomics:
Soybeans (Again!)
Deja vu all over again – China retaliates, and again soybeans are on the list.
Egg Prices Keep on Rising
From Trading Economics today:
Bringing Prices Down: A Progress Report
We’re a month into Trump 2.0. We don’t have February’s prices yet, but since Trump was going to do everything “Day 1”, I thought it useful to take a look at various indices.
NBC News: “USDA says it accidentally fired officials working on bird flu and is trying to rehire them”
From NBC News.
Eggs Retail up 18%, PPI 32% Month-on-Month(!)
PPI figure on seasonally adjusted by author data. NSA m/m change is 36.5% (log differences).
Egg Prices in January — $4.95/Dozen Grade A, Large
Outpacing ERS forecast. Implied futures suggest higher prices yet.
Egg Prices – A Continued Upward March?
Tomorrow, we’ll get a reading on January egg prices at the consumer level. With futures prices at about $5.2 in December and $6.65 in January, I’d guess retail egg prices will have gone up. Futures are at $7.65 so far in February.
Egg Prices Upward
Covered for difference prices as reported by TradingEconomics is jumping up to $7/dozen for January.