Egg Prices Are Rising Again. Why Are They So Expensive? (www.nerdwallet.com)

submitted 9 months ago by MarcoPOLO@sh.itjust.works to c/worldnews@lemmy.ml

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[-] nicetriangle@kbin.social 51 points 9 months ago

Worth a read https://pluralistic.net/2023/01/23/cant-make-an-omelet/#keep-calm-and-crack-on

At the same time the last egg price spike was happening in the US, one of the largest market share producers just so happened to have a 65% YoY profit increase. Go figure.

[-] be_excellent_to_each_other@kbin.social 30 points 9 months ago* (last edited 9 months ago)

Yep. No reason not to think it isn't just corporate greed again.

(from the article about the previous insane egg prices)

In absolutely unrelated news, eggs are suddenly incredibly expensive. A dozen "conventional" eggs are currently averaging $2.88, which is double what they cost a year ago. Supposedly, this is caused by a supply chain shock (an avian flu outbreak).

But – and this will shock you, I know – the single company that dominates the US egg industry, Cal-Maine Food (AKA CALM – ugh) is making record profits. Their Q3/22 net was up 65% from the year before. Cal-Maine's Q4-22 sales were up record-smashing 110% – $801.7m:

[-] nicetriangle@kbin.social 2 points 9 months ago

Shit is infuriating, Americans should be tarring and feathering these people

this post was submitted on 16 Jan 2024

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