ANALYSIS: Production Recovery and Weak Demand Drive Steep Cage-Free Drop
The cage-free market continued its sharp decline this week, falling at a steeper pace than the prior session as buyer engagement along the West Coast remained virtually nonexistent. The rest-of-market cage-free quote dropped 95cts to $3.03/dozen—marking a cumulative loss of over $1.25 in the past two weeks and reflecting a significant growth in supply.
Despite a modest 0.5% week-over-week decline in total cage-free stocks, USDA inventory figures show availability remains elevated...
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