Eggs, Chickens, and Commodities: Factors Driving a 7% Price Decrease for Eggs and the Foods on a Global Bartering Table.

Kathy LaFollett
What came first, the chicken or the egg? Look at the commodity markets and you'll only see broilers or layers.Photo byAdobe Express Pro

The commodity markets and the USDA Earnings Reports are a thing of cold hard math. Take the time to read through any report on any commodity from sugar to oranges, beef to eggs. You’ll soon learn all food sits on a global bartering table. And the world is hungry.

According to the USDA earnings report for first-half 2023, table-egg production and average wholesale egg prices (New York, Grade A, large) are revised downward and upward, respectively. The revisions are based on the most recent data on egg-laying flock indicators and overall price firmness. Egg import and export forecasts for 2023 are unchanged from the last report.

The second half of 2023 may lower as broiler and layer farms replenish chicken populations from the 2022 losses and culling of over 50 million due to the avian flu. It takes time to grow a chicken. The commodity markets see two types of chicken, broiler and layer. Both are a matter of incubation to production of meat carcass or eggs. A broiler chicken becomes a commodity number in 9 weeks. A laying chicken becomes egg productive at 18-22 weeks depending on the breed, commodity numbers are based on the concept of Grade A, large. That math alone reveals time and cost investments double for the egg farmer.
There are four types of egg farming: conventional to free-range. None of which offer a chicken a free life. Just systems to control costs.Photo byAdobe Express Pro

Understanding poultry production as it pertains to the reality of commodity pricing makes egg prices painfully easy to understand. They’re expensive for a reason. They do not slate protein commodity pricing lower now or in the future due to feed commodity pricing, adverse weather globally, logistical costs, and population growth. The humanization of pet foods has put pets and humans at the same commodity barter table as well. Today’s Pet Food Shortage: Understanding the Problem and the Promising Solutions Coming from the Pet Food Makers | Kathy LaFollett | NewsBreak Original The world and their companion pets are hungry.

The USDA predicted in 2013 that 13 million people, or 5% of Americans at projected population numbers, will raise chickens in the backyard by 2019. A 2018 American Pet Producers Association survey revealed roughly 10 million, or 3% of US households, raised chickens. Then COVID locked down an entire country, creating backyard chicken statistics that are still being tallied. But looking at the growth of new chicken coop sales in 2022 and the forecasting through 2023 sees the US sales at $510 Million. That is a lot of coops. A growing global demand for coops through 2030 seems inevitable because of the global population growths. The world is hungry.
An egg farmer's egg counts and costs vary depending on the breed of laying hens.Photo byAdobe Express Pro

So, is keeping chickens still a potential answer to the cost of a dozen eggs today? A backyard chicken egg farmer faces the same truths as a commodity chicken egg farmer. Your baby chicken will need to grow up first and will give you eggs at around 20 weeks. The commodity costs for chicken feed, vaccinations, housing, and production time that chickens lay eggs for roughly 4 years of their 8-year lifespan all come into play. The reality is more romantic than a commodity. Chickens have proven to be excellent therapy companions for mental health. They are an enjoyable creature to spend time with. Eggs are a plus benefits thing. Quality of life is a priceless commodity.

Keeping chickens and the real cost of a dozen of their eggs. | Kathy LaFollett | NewsBreak Original
Commodities will change as our food sources and climate changes.Photo byAdobe Express Pro

Commodities will change in the future. Proteins will become insect based because of human population density. We could list mealworms one day for trade and price indexing. The future of farming will be an always expanding idea as climate change, our use and abuse of resources, global alliances or break-ups, and human numbers expand and change. Knowing what you can and cannot control for your family is the commodity in family health and security. Controlling your personal food production is a conversation worth having. Your foods, grown and produced on or in your property won’t be affected by commodity indexing. Yours doesn’t sit on the global bartering table.
There is a garden system for anyone that wants to grow their own food. From apartment settings to backyards, there's a way to grow your own.Photo byAdobe Express Pro

Gardening to grow your own vegetables and the cost of peas and carrots. | Kathy LaFollett | NewsBreak Original

This is original content from NewsBreak’s Creator Program. Join today to publish and share your own content.

Comments / 1

Published by

Florida author, speaker, and wildlife/companion animal advocate writing about life in the Sunshine State from my cityscape, St. Petersburg.

St. Petersburg, FL

More from Kathy LaFollett

Comments / 0