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."
Mark Spoonauer, Global Editor-In-Chief at Tom's Guide, discusses the craze behind the latest Nintendo Switch 2 and why it already flying off shelves. Watch!
Bob Lang, Chief Options Strategist at Explosive Options, joins J.D. Durkin on the floor of the NYSE for a look at how traders are approaching the markets.
Seth Schachner, Managing Director at Strat Americas, talks Disney's taking control of Hulu, Warner Bros. and Discovery's split and how if affects the viewers.