Egg prices that rocketed to record highs after one the worst bird flu outbreaks in US history are now falling — fast — as the industry replaces dead hens.

Midwest large eggs, the benchmark for commodity price, closed at $2.16 a dozen on Friday, down about 37% from late July’s record high, according to commodity researcher Urner Barry.  That’ll provide relief for consumers, who saw egg prices jump 47% at US grocery stores last month during the worst period of food inflation since 1979.

Retail rates generally follow commodity prices, so 33

Farms are repopulating birds that they had to kill during this year’s highly pathogenic avian influenza  outbreak, Brunnquell said in a phone interview. That means more hens will be around to lay eggs, which will help the supply shortcomings caused by the virus. The outbreak killed more than 30 million commercial and wild birds.... Read More: Bloomberg