At that time, the egg price was 93.4p per dozen, whilst the compound feed price was £223.40 per tonne. Now assuming average production of 330 eggs (27.5 dozen) per bird to 76 weeks, this is equivalent to £25.69 per bird. The average compound feed price is now £256.66 per tonne.
On this basis, we calculate the following:-
• Feed price has increased by £33.26 per tonne since March 2015;
• For birds eating an average of 128 grams per day, this feed price increase costs £1.79 per bird (16-76 weeks of age);
• Compared to baseline, the status quo would be maintained if the value of eggs increased from the baseline of £25.69 per bird to £27.48 i.e. an increase of £1.79 per bird;
• Assuming 330 eggs per bird at present (27.5 dozen): 27.48/27.5 = £1.00 per dozen;
• Conclusion - the status quo would be retained compared to the March 2015 ‘baseline’, if the average egg price was £1.00 per dozen at present.