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The Price of Eggs

Angie

Angie

Admin
SF Author
SF Supporter
#1
#1
Eggs, that staple food of the poor, are becoming a luxury item. A dozen eggs in Texas are almost $6 and I've asked people around the US prices in their area, seems Texas is low, while other places are up to $11 a dozen.

Now the powers that be will say "avian flu" but the darker picture is that egg production in this country is a monopoly and they are making huge unprecedented profits right now.

Bread is $3.50 a loaf, meat is unreachable.

Why is Angie rambling about eggs? I live on a fixed income, Social Security. Every time a staple food goes up in price I take a hit on my food budget. Right now I spend more on food than on rent and I don't even eat meat very often anymore.

I am worried what current trends will lead to and what will happen to the folks that live on a fixed budget in America.
 
Ash600

Ash600

Of dust and shadows
SF Creative
SF Supporter
#2
#2
Angie said:
Now the powers that be will say "avian flu" but the darker picture is that egg production in this country is a monopoly and they are making huge unprecedented profits right now.
Click to expand...

You called it right @Angie . The major egg companies are using avian flu as an excuse to ramp up their prices. I've seen this type of practice happen so many times within the pharmaceutical industry. Soon as one manufacturer of a particular medicine announces some hiccup with production, within a hearbeart rival manufacturers will first be reducing the amount of stock being released into the supply chain followed by a drip drip reinstatement but at hugely inflated prices. Should also add that some medical wholesalers also tend to get in on the act.

Going back to the egg industy, one of the major producers, Cal-Maine did not experience any bird flu outbreaks in its flocks in its 2023 fiscal year – and actually sold more eggs in 2023 than in the previous two years. Yet the company still sold conventional eggs at inflated prices – 2.8 times higher compared with 2021, pocketing almost $1 more a dozen even after taking into account expenses such as feed and energy.

Typical corporate abhoorent shit that one comes to expect and what Trump and his goons applaud.

By the way, Guardian article on the hike in egg prices can be found here if anyone's interested : https://www.theguardian.com/environ...-bird-flu-corporate-profits?CMP=share_btn_url
 
SillyOldBear

SillyOldBear

Teddy Bears Rule! 🐻
Staff Alumni
#3
#3
I just paid $7.19 for a dozen in Washington State. If Trump puts the 250% tariff on dairy from Canada who knows what will happen. I have been stocking up on stuff in preparation for a mess, but you can't stock up on eggs.
DOJ is supposed to investigate eggs prices. Somehow that brings no comfort.
 
AlopexAngel

AlopexAngel

Chat Buddy
SF Pro
SF Supporter
#4
#4
My husband worked a case years ago bringing a class action against egg producers. They all conspired to inflate egg prices. This was probably a decade ago. My guess, they figured they crunched the numbers and it was cheaper to settle and then continue.
 
Gonz

Gonz

₲‹›Ŋʑ
#5
#5
Ash600 said:
You called it right @Angie . The major egg companies are using avian flu as an excuse to ramp up their prices. I've seen this type of practice happen so many times within the pharmaceutical industry. Soon as one manufacturer of a particular medicine announces some hiccup with production, within a hearbeart rival manufacturers will first be reducing the amount of stock being released into the supply chain followed by a drip drip reinstatement but at hugely inflated prices. Should also add that some medical wholesalers also tend to get in on the act.

Going back to the egg industy, one of the major producers, Cal-Maine did not experience any bird flu outbreaks in its flocks in its 2023 fiscal year – and actually sold more eggs in 2023 than in the previous two years. Yet the company still sold conventional eggs at inflated prices – 2.8 times higher compared with 2021, pocketing almost $1 more a dozen even after taking into account expenses such as feed and energy.

Typical corporate abhoorent shit that one comes to expect and what Trump and his goons applaud.

By the way, Guardian article on the hike in egg prices can be found here if anyone's interested : https://www.theguardian.com/environ...-bird-flu-corporate-profits?CMP=share_btn_url
Click to expand...
To the consumer, you blame “supply issues” for rising prices while, to the shareholder, you report record profits.
 
Ash600

Ash600

Of dust and shadows
SF Creative
SF Supporter
#6
#6
Gonz said:
To the consumer, you blame “supply issues” for rising prices while, to the shareholder, you report record profits.
Click to expand...
Yep and also don't forget, bonuses being to the company directors for "job well done.". Because lets face it, that's where the priorities lie at the expense of anything else.
 
Ash600

Ash600

Of dust and shadows
SF Creative
SF Supporter
#7
#7
AlopexAngel said:
My husband worked a case years ago bringing a class action against egg producers. They all conspired to inflate egg prices. This was probably a decade ago. My guess, they figured they crunched the numbers and it was cheaper to settle and then continue.
Click to expand...
Price gouging is one way to describe this I believe. I've seen this type of practice as well as variants happen so many times within other industries. It's exactly as you've called it in terms of crunching the numbers and working out that an agreed settlement would dwarf the profits made.
 
Shinzon1

Shinzon1

Well-Known Member
#10
#10
I dunno if transportation is a issue for you Angie but I have found as someone that has had to rely on public transit that a lot of places will place business in low income areas to essentially price gouge residents that struggle with getting around. It's been places like Walgreens or CVS business model for years.

Like for example dollar general eggs where I live are generally 6 bucks. Wacky thing to find out that the ones at trader joes (which have a rep for being pricey despite being amazeballs quality) are about 3.50-4.00 which is par for the local Kroger in my area. A half gallon of milk at trader Joe's is about 2.50 and at Kroger it's 2 bucks but at family dollar across the road from my apartment it's 3.

Point being. Some of this is just old as time shady business practices....it's just more obvious now.
 
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