Table 5.

Weekly Impacts of COVID-19 and FDA Regulatory Response on Welfare Outcomes.

				COVID Impacts		Regulatory Impacts
Variable			Units	Actual	CF	Actual	CF
Estimated Price Impacts
	Conventional Eggs
		Retail	$ per dozen	2.94	1.22	0.82	1.25
		Farm-Gate	$ per dozen	2.62	0.93	0.59	0.92
		Breaking Stock	$ per dozen	0.47	0.55	0.34	0.26
	Cage-Free Retail		$ per dozen	4.12	2.12	1.26	1.93
	Retail-to-Farm Margin		$ per dozen	0.32	0.29	0.23	0.33
	Table-to-Breaker Margin		$ per dozen	2.15	0.38	0.25	0.67
Quantity Parameterization
	Table Eggs		million dzn	7.2		7.0
	Share Cage-Free		% of table	25%		25%
	Breaking Stock		million dzn	1.3		1.2
Welfare Impacts per week
	Consumers:		$ Million		−12.9		3.4
	Intermediaries:		$ Million		0.2		−0.7
	Producers:
		Table Eggs	$ Million		12.2		−2.3
		Breaker Eggs	$ Million		−0.1		0.1
	Total (per week)		$ Million		−0.6		0.5

Note: This table presents welfare outcomes under two scenarios. In this first scenario, we derive the impacts of the onset of the COVID-19 pandemic. In the second scenario, we derive the impacts of the FDA regulatory change, where actual prices are those observed as of May 31, 2020 and counterfactual outcomes are for the alternate reality where the pandemic occurred, but the regulations were not relaxed.