Are egg producers inflating prices during the bird flu outbreak to boost profits?
Are egg producers inflating prices during the bird flu outbreak to boost profits?
Egg producers blame the ongoing bird flu outbreak for driving prices up to record highs. But some believe giant companies are taking advantage of their market dominance to profit handsomely at the expense of egg buyers.
Summary
Egg producers blame the bird flu outbreak for record-high prices, but critics argue dominant companies are exploiting supply shortages to boost profits.
With over 166 million birds culled and egg layers significantly reduced, prices surged from under $2 to nearly $5 per dozen.
Egg supply is down only 4% from last year, yet profits have surged. Cal-Maine Foods, supplying 20% of U.S. eggs, reported a $219 million profit in the last quarter, compared to just $1.2 million before the outbreak, a 18,150% increase.
Lawmakers and advocacy groups are calling for a government investigation into potential monopolistic practices.
They did last time.
Yeah people act like this hasn't been going on for years at this point.
Eggs are really hard to steal. Not impossible, just difficult.
Lawmakers and advocacy groups are calling for a government investigation into potential monopolistic practices.
lol. this government believes in free market and corporate profits. if found guilty of monopolistic practices the top execs will immediately be offered more tax breaks, handouts and/or high profile government positions
I BOUGHT my eggs from small local farmers but they have been charging market prices. I asked a few of them why. One said if he didn't that people would swoop in and buy all his inventory and likely resell it. Another, who ALSO has not been affected by bird flu said it is an investment for IF he loses his flock. So now I don't buy eggs and have not been to a breakfast diner in about a year. I have actually ceased from eating out completely and purchase my food mostly from local farms and cut out meat. My cholesterol, sugar and BP have all greatly improved. Who knew, less is more. I am still annoyed that local farmers are keeping up with the market. The local Amish sold "pun'kins" to Walmart at .50 a piece which Walmart then sold for up to $8. At the Amish stand, they were selling them for $8.
What's a "pun'kin"?
I'm guessing it's a quantity of eggs, but Google isn't helping.
A pumpkin.
Of course not, Trump specifically banned that!
Yes
A rare inversion of Betteridge's law of headlines is "whenever someone questions whether or not the rich and powerful are exploiting everyone, the answer is yes"
Remember 2023? Pepperidge Farm remembers.
Egg Producers Accused of Price Gouging After 718% Profit Revealed
People have to understand that if the price is too high, they can just not buy it.
It is as simple as that. As long as you buy, it is not too expensive. Just stop eating eggs.
What you're saying is true in fact, but I feel like you're letting the price gougers off the hook a little. Eggs are popular because they're versatile, nutritionally dense and traditionally cheap. Eggs are almost the best breakfast kids can have before school because they help with focus and keep them full. There really isn't a replacement at the same price point. I don't think we should expect them to be so cheap that we rely on animal cruelty, but they shouldn't be a luxury item either.
EDIT: to clarify, it's the protein and fat that help with focus and fullness, not eggs specifically.
Yes, eggs are very good nutritionwise. But deseases like mentioned in the post (those greedy company owners) should steer people away from it. Somehow it doesn't and people keep buying it.
I'd prefer oats + (soy) yoghurt (skyr) + fruits
Food too expensive? Just don't eat.
Housing too expensive? Just don't sleep.
Haven't bought eggs all year. Not over $4. Of course, for me, they're just a nice treat...shoyu eggs make a great snack; egg baked on khachapuri; fried over rice. Some people, they're a key protein, or essential to cakes & cookies. I figure, if the price is high, then leaving them on the shelf makes more available where they're irreplaceable, but I can still feel bad for people who have to pay that price.
Got 6 chickens last year, the wife said we probably spent too much decking out their living space. I say probably, but they're more pets for me to have, the 6 eggs a day is just a nice bonus.
Smash cut to this year: suddenly my "investment" is going to be paid off much sooner 😅
President Felon in in charge, they are totally going to rob consumers. No one will stop them. I don't eat eggs so I am rooting for the prices to go up. Are they $20/a dozen yet?
If people keep buying, the prices will also never go back to what they were as sellers will decide that the market supports it (though probably reducing what farmers actually get so of course the middlemen get all the profit -- buy direct and local wherever possible!)
Nooo they wouldn't fleece us at the first opportunity, not a chance /s
Fuck do you think?
Absolutely.
a counterexample to betteridge's law of headlines!
Are (insert here) inflating prices?
Answer is always yes.
Only exception is the Costco hot dog.
Rotisserie Chicken ;)