Trader sentiment for May egg prices centers on the $2.00–$2.25 range as the modal outcome, reflecting expectations of stable poultry supply and contained input costs amid subdued avian influenza reports this spring. Recent USDA production data show flock recoveries that have eased prior volatility, while feed grain and energy prices have held steady, limiting margin pressure on processors. The tight clustering of probabilities around moderate bands indicates the market-implied odds are pricing in normal seasonal demand patterns and no major distribution disruptions, consistent with broader food-at-home inflation trends remaining anchored. With the month’s official price release nearing, any late shifts in labor availability or export volumes could still adjust the distribution, though current positioning suggests limited scope for extremes.