U.S. retail egg prices fell in April from the record-high prices they hit earlier this year, according to government data released Tuesday.
The average price for a dozen Grade A eggs dropped 12.7% to $5.12 in April, according to the Consumer Price Index. It was the first month-to-month decline in egg prices since October 2024.
Still, egg prices remain near historic highs as a persistent outbreak of bird flu continues to wipe out flocks of egg-laying hens. The April figure is 79% higher than the same month a year earlier, when the price averaged $2.86 per dozen.
In March, U.S. egg prices had climbed to a record $6.23 per dozen. It was unclear how much egg prices would fall in April because consumer demand is usually high around Easter and Passover.
Bird flu has killed more than 169 million birds since early 2022. Any time a bird gets sick, the entire flock is killed to help keep bird flu from spreading. That can have an effect on the egg supply because massive egg farms may have millions of birds.
In April, outbreaks on two farms on Ohio and South Dakota affected more than 927,000 egg-laying hens.
Federal Reserve governor Lisa Cook late Wednesday said she wouldn’t leave her post after Trump on social media called on her to resign over an accusation from one his officials that she committed mortgage fraud.
Berkshire Hathaway revealed four new investments Thursday in steelmaker Nucor, insurer UnitedHealth and two of the nation’s biggest homebuilders.
Shoppers spent at a healthy pace in July, particularly at the nation’s auto dealerships, as they appear to shrug off President Donald Trump’s tariffs, which are starting to take a toll on jobs and lead to some price increases.
The U.S. stock market is climbing toward records after data suggested inflation across the country was a touch better last month than economists expected.
Stocks are rising on Wall Street, keeping the market on track for its third weekly gain in the last four and possibly more record highs. The S&P 500 was up 0.8% in afternoon trading Friday. The Dow Jones Industrial Average added 243 points, or 0.6%, and the Nasdaq added 1% to the all-time high it set a day earlier. Expedia and Gilead Sciences both rose sharply after reporting results that easily beat analysts' forecasts. Both companies also raised their outlooks. Asian markets closed mostly lower except in Tokyo, where the Nikkei rose 1.9%. European markets were mixed. Treasury yields were higher.
Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments.
