Wednesday, May 20, 2015

Sunny side way up: Egg prices soar due to bird flu - from TRUNEWS

You can’t make an omelette without breaking a few eggs, right?

Be extra careful now, though. Those broken eggs may cost you more pretty soon.

The recent bird flu outbreak is wreaking havoc on the nation’s poultry industry.

The USDA lowered its 2015 projections for egg supplies last week, saying that the discovery of bird flu in Minnesota, Iowa and other Midwestern states will constrain egg production.

Egg prices haven’t shot up at your local supermarket just yet.

Restaurants and other businesses get poached. It’s forcing food companies to change their food offerings.

Food distribution giant Sysco (SYY) told Reuters last week that it was talking to its customers — big restaurants, hotels and hospitals — about possibly changing their menus temporarily until egg prices stabilize.

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