Recent U.S. retail egg prices, tracked via BLS data at $2.27 per dozen in August 2026, reflect a sharp reversal from 2025 highs driven by HPAI-related flock losses. Oversupply from flock rebuilding—pushing the table-egg layer inventory above 312 million hens—has pressured wholesale benchmarks to 46–81 cents per dozen, well below production costs amid muted avian flu detections. This supply surge, combined with softening demand and feed-cost pressures projected to rise 8% on higher corn and soybean meal prices, anchors trader consensus near the $2.10–$2.30 range. The tight split between the leading outcomes highlights uncertainty over September's final retail average, with potential catalysts including any late-month demand shifts or minor HPAI developments that could influence the resolution.