Why eggs are selling for over $9 a dozen in some places—and when prices are expected to drop
Why eggs are selling for over $9 a dozen in some places—and when prices are expected to drop
Avian flu has caused an egg shortage, driving prices to over $9 a dozen in some stores.
when prices are expected to drop
Keep it up, media. Let's make sure people notice that shit doesn't actually go down.
The real problem will be when the media stops reporting on prices altogether.
Well eggs are going to go down, because there's a specific cause for those to be particularly high right now. It has nothing to do with Biden and the recovery will have nothing to do with Trump, but that will be the timeline, for eggs specifically.
It might come down a bit. Look at all the price hikes since 2019, prices are not going to come down.
The media is just never willing to admit that price gouging is always a great big factor.
At least that don't take egg out of the shell then sell it like to do with the meat by over reporting the weight of meat
Loblaw, Walmart, Sobeys accused of underweighting meat products in lawsuit
The Japanese are mad because 10 eggs are getting close to ¥300 ($1.91).
I buy higher quality eggs and I only pay ~¥250 for 10.
(Japan doesn’t do anything by the dozen.)
Now rice… that’s gotten out of control here in the past few months. Some companies now charging 3 times what they did just last summer.
The biggest factor pushing up egg prices is a wave of avian flu, which began in early 2022 and led to the culling of millions of egg-laying hens. With demand remaining steady, the reduced supply has caused prices to rise.
Supply and demand, folks. Supply and demand. Demand high, supply low? Price goes up. Supply high, demand low, prices goes down.
While prices are expected to ease from late 2024 highs, they will likely stay above pre-outbreak levels through 2025.
Or indefinitely. Once people get used to paying a higher price for eggs, what's to stop the stores from keeping the prices relatively high, even if the wholesale price goes down? If a store can increase their profit margins on eggs, why wouldn't they? Especially if the store is a large corporation, always looking to maximize profit and return for shareholders.
Some people might say, "competition will bring the price down. Once one store lowers their price to gain a competitive edge, other stores will have to follow or risk losing customers." To this I say: who the hell comparison shops for eggs? Look, I'm sure some people do, but, if most people are like me, they're not going to multiple stores to see who has the lowest price for a dozen eggs. I go to one store, my favorite store, and I just get the same eggs I'm used to getting. Even if I did want to comparison shop, not all stores are going to sell my preferred eggs (I know a lot of people will say, eggs are eggs, but I like cage free eggs even though it's probably bullshit I like to think my eggs aren't coming from chickens who are stuffed into those little wire cages all day), so it would be hard to do an apples to apples comparison.
Plus, as more and more stores become consolidated into fewer and fewer major retailer chains, even the theoretical idea of price regulation through competition goes out the window.
Thanks, Biden.
/s - added unfortunately because I've come back to a sarcastic comment the next day only to find a heap of downvotes from people who don't know how to detect sarcasm, and replies telling me how stupid what I wrote was.
who don’t know how to detect sarcasm
When you're saying something that could conceivably be said seriously by the millions of idiots in this country, that's on you for assuming you'd be interpreted properly.
Text has to have tone added.
Yup, at the very least use the SpongeBob sarcasm font thing
That's okay, I can wait while the greedy middlemen jerk each other off over the flimsy excuse of avian flu. I refuse to pay over $2/dozen on eggs and I'm being generous with that limit. Would be interesting to understand why the value line of this chart rocketed up so hard while production didn't drop anywhere close to such a dramatic degree:
https://www.nass.usda.gov/Charts_and_Maps/Poultry/eggprvl.php
