$6 eggs could be coming: Analyst

Wednesday, August 5, 2015
By Paul Martin

Katie Little
CNBC.com
8/4/2015

Egg sticker shock at the grocery store could soon get even worse, one analyst warns.
Squeezed by limited supply because of the worst avian flu outbreak in three decades, egg prices have already risen sharply this year. But BB&T Capital Markets analyst Brett Hundley said retail prices could surge even higher.

An uptick to more than $6 for a dozen “would not surprise” him if bird flu returns later this year, something he predicts will occur as early as fall.

As of Friday, prices to consumers for New York large shell eggs stood at a range of $1.99 to $4.49 per dozen, USDA data showed.

“It’s almost scary to think about what could happen to egg prices,” Hundley said.

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