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Stock impact report

Egg prices going down? A dozen eggs averaged $3 last week as costs decline [USA TODAY]

Kroger Company (The) (KR) 
Last kroger company (the) earnings: 3/5 08:30 am Check Earnings Report
US:NYSE Investor Relations: ir.kroger.com
Company Research Source: USA TODAY
The decline continues a recent downward trend in egg prices following a national egg shortage driven by the highly pathogenic avian influenza, or bird flu, outbreak . Wholesale prices for graded loose eggs declined $0.26 last week, the USDA confirmed in its weekly egg market report published Friday. "The supply situation at grocery outlets has greatly improved in recent weeks and consumers are once again seeing fully stocked shelves and enjoying a range of choices without purchase restrictions," the USDA stated. Grocers across the U.S. have grown used to rising egg prices as bird flu has sickened over 130 million poultry across the U.S. in recent years. Other factors from transportation costs to labor costs have also helped drive prices up. The rising cost, coined by many as " egg-flation ," prompted major retailers like Kroger Trader Joe's and Costco to implement limits on how many eggs customers can purchase in February. Egg prices decline in New York, Midwest and Californi Show less Read more
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