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.

  • ALilOff@lemmy.world
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    2 months ago

    100% they are.

    I don’t know truth as I one saw YouTube Videos of grocery stores

    Egg prices for a dozen… in Canada are around $4.75 (Canadian) In Mexico $53-$70 pesos… or around $2.50-$3.50 US

    Edit: after quick search looks like Mexico avoided bird flu because they vaccinate their chickens… didn’t realize we are that strong against vaccination we won’t even vax the chix

  • bitchkat@lemmy.world
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    2 months ago

    Why can’t I find half dozen eggs? I don’t each many eggs so a dozen would have a significant number wasted. They used to be self half dozen quantities?

  • Shardikprime@lemmy.world
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    2 months ago

    Oh no, when supply dwindles and the demand keeps up or increases, prices increase as well

    As economic and market analysis predict it!

    Color me surprised

  • frog_brawler@lemmy.world
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    2 months ago

    It wouldn’t surprise me if they were increasing prices not to take profits and keep them, but to increase profits and purchase politicians. You know… exactly like what’s been happening with this most recent “inflation,” we’ve had.

  • Pyr@lemmy.ca
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    2 months ago

    If true, Republicans also voted for it.

    That is what zero regulations and zero enforcement gets you which is exactly what Trump embodies when gutting regulations and federal funding and jobs for enforcement agencies.

    • tal@lemmy.today
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      2 months ago

      A few states, like California, have minimum cage size mandates, so people in the state are banned from using eggs in the general pool, and so the shortage is worse there.

      EDIT: Though it does mean more eggs for people in the no-minimum-cage-size restriction states, so it brings prices down a bit for them.

  • psion1369@lemmy.world
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    2 months ago

    My big question is that if a whole flock is killed when bird flu is discovered, why are JUST egg prices going up? My local grocery store recently had a sale on chicken but the eggs are in short supply and cost nearly 10 times what they used to a few months ago? Shouldn’t chicken meat be expensive too? Or do I not know anything about poultry farming and bird flu?

  • brvslvrnst@lemmy.ml
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    2 months ago

    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 😅