ANALYSIS: Cage-Free Values Continue to Decline Amid Weak Demand

The cage-free market remained under pressure this week as demand along the West Coast—the region that pulls the highest volume of cage-free product—continued to sit at a standstill. With limited needs from mandated states, cage-free product has been routinely down-packed into conventional channels. For a time, this kept values aligned with the conventional Midwest large, but with conventional demand also softening, the market has entered a deeper lull.

Seasonal stagnation has weighed on both cage-free and conventional eggs, while repopulating flocks continue to bolster availability. USDA data showed cage-free inventories down 7.5% this week, though the decline was highly regional and does little...

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