In a welcome turn of events for consumers across New Jersey and the United States, egg prices on the wholesale market have dipped below $3 per dozen, signaling a potential end to the steep costs that have strained household budgets in recent years.
Those prices surged throughout the presidency of Joe Biden, but just three months into Donald Trump’s second term, prices are dropping, as promised by the President.
Although Democrats railed Trump in January and February for failing to reign in prices, they have since gone silent on the matter in recent weeks as prices continued to drop.
This price drop, reported by industry analysts this week, marks a significant shift in a market that has been plagued by volatility due to supply chain disruptions, avian flu outbreaks, and rising production costs.
For New Jersey residents, where the cost of living has been a growing concern, the news comes as a much-needed reprieve.
Local grocery stores and wholesalers are beginning to reflect these lower prices, with some retailers anticipating a trickle-down effect that could see egg cartons on shelves for as low as $2.50 in the coming weeks.
The decline in wholesale egg prices—now hovering around $2.85 per dozen, down from highs exceeding $5 late last year—is attributed to a combination of factors. A recovery in egg production following last year’s avian flu setbacks, coupled with improved supply chain logistics, has boosted availability. Additionally, feed costs for poultry farmers, a major driver of egg prices, have stabilized as global grain markets adjust to earlier disruptions.
President Trump said these decreases are part of his overall economic agenda and while some sectors might rebound more slowly, he promised the nation that food prices will drop and inflation will slow down during his term.
For New Jersey’s restaurant industry, which relies heavily on eggs for everything from diner breakfasts to bakery goods, the price reduction could mean lower operating costs and, potentially, more affordable menu prices.