Breakfast is getting a bit more affordable as the price of wholesale eggs is on the decline.
The average price per dozen eggs has been slashed by more than 50 percent since its peak price of $5.43 on December 19. Now, they'll cost you $2.61. The assumption is that poultry farms that were forced to cull their egg-producing hens have begun producing eggs again.
Last year, the U.S. saw the deadliest bird flu outbreak in history across 46 states as 52.7 million chickens died. However, the majority of the deaths were from culling, a process of depopulation in an attempt to stop a virus from spreading.
The avian influenza virus that has swept across is being transmitted to farms by wild birds, unlike the outbreak of 2015, which was spread via farm-to-farm transmission.
Experts expect the new vamped version of the bird flu to stick around in the states. Like COVID-19, H5N1 has evolved into several different variants, making it more difficult to protect against.
"We don't know exactly what it is about it, but it does seem just to be able to grow and transmit better in wild birds," Richard Webby, director of the World Health Organization's Collaborating Center for Studies on the Ecology of Influenza in Animals, told NPR. "Wild birds are the perfect mechanism to spread a virus because they, of course, fly everywhere."
Kristina Hooper, chief global market strategist with Invesco, joined Cheddar News to discuss a new week in trading as stocks closed near session highs, as the S&P and Nasdaq traded at their highest since April last year.
The bank said it regrets its involvement with Epstein over the years that he was a JPMorgan client. The settlement must still be approved by the judge in the case.
Billionaire investor turned philanthropist George Soros is ceding control of his $25 billion empire to a younger son, Alexander Soros, according to an exclusive interview with The Wall Street Journal published online Sunday.
UBS said Monday that it has completed its takeover of embattled rival Credit Suisse, nearly three months after the Swiss government hastily arranged a rescue deal to combine the country's two largest banks in a bid to safeguard Switzerland’s reputation as a global financial center and choke off market turmoil.
Gene sequencing test maker Illumina Inc. said Sunday that its board has accepted the resignation of its CEO and director, Francis deSouza, effective immediately.
