Egg Prices Have Tripled in Several States Over the Last Year

The rising cost of eggs in the U.S. is denting household budgets. Americans in recent years have increased the number of eggs they consume while reducing their intake of beef and venison, according to data from the U.S. Department of Agriculture.

Egg consumption has grown in part because more families are eating them as their main protein substitute, Los Angeles Times reporter Sonja Sharp told CBS News. “Each of us eats about as many eggs as one hen can lay a year,” she said.

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As demand for eggs has risen, production in the U.S. has slumped because of the ongoing bird, or “avian,” flu epidemic. Nearly 58 million birds have been infected with avian flu as of January 6, the USDA said, making it the deadliest outbreak in U.S. history. Infected birds must be slaughtered, causing egg supplies to fall and prices to surge.

Families and restaurants alike are now paying elevated prices for eggs as the outbreak impacts 47 states.

In California, for example, data shows the average price for a dozen eggs reached $7.37 last week, compared with $2.35 a year ago. The national average egg price per dozen wholesale is now $3.30, the USDA said last week. The average price for a dozen eggs by U.S. city grew to a record $3.58 in November, according to the most recent data available from the Federal Reserve Bank of St. Louis.

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SOURCE: CBS News, Khristopher J. Brooks

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