Abundant supply from a rebuilt U.S. laying flock after 2025 HPAI losses has anchored September 2026 retail egg prices near $2.10–$2.30 per dozen, splitting trader consensus almost evenly between the two leading bins at 42.5% and 42.0% implied probability. Wholesale benchmarks fell to multi-decade lows earlier in the year amid oversupply, with August BLS data showing a $2.27 national average before modest late-September wholesale recovery on seasonal demand. Rising feed costs from higher projected corn and soybean prices add margin pressure without yet lifting consumer prices sharply. Key swing factors include any additional flock adjustments or export strength, with October data releases likely providing final clarity ahead of market resolution.