Summary
Major egg corporations may be using avian flu as a ruse to hike up prices, generating record profits while hurting American consumers, new research suggests.
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Egg prices soared to nearly $5 a dozen, rising 157% since before the avian flu outbreak, despite only a 9% drop in laying hens.
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Cal-Maine, controlling 20% of the US market, saw a sevenfold profit increase in 2023 compared to 2021.
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Over 166 million poultry have been culled, but critics say consolidation and slow flock replacement may inflate prices beyond the virus’s 12-24% direct cost.
Lawmakers urge investigations, while the Trump administration plans vaccines, reduced culling, and a $1bn avian flu fund to help stabilize costs.
Too bad price gouging isn’t prosecuted anymore.
Don’t worry everyone, the Consumer Protection Agency will take care of…
Oh, nvmd.
How can a country be in such a hysteria over egg prices? Don’t they have anything to eat but eggs?
The only time i hear about egg prices is on the internet and now it’s a rebuttal of all the trump propaganda that was used against Biden
Don’t be dense.
It’s a symptom of an overall problem.
Shocked Pikachu face.
It’s a free market!!!
Supply is dropping and they are raising prices to what people will pay. This is how its always worked, you just had more supply prior to the bird flu, and now production will increase to capture the rising prices.
Its like these articles just found out about supply and demand.
$5?! Where?! They’re $9.99 here in Los Angeles. :(
6.79 out here in rural nebraska, they were 3.50 a month ago
$16.49 in Brooklyn yesterday
Same in solidly red Bible belt area I live in. $21 for 30.
For real, Seattle is like this too. We’re going to be paying $1/egg soon!
Kirkland Costco, admittedly 2-3 weeks ago. Something like $9.59 for two dozen.
Something between $9 and $10 on the price tag is what I remember.
No idea what it is now.
Torches & pitchforks.
Lol I just don’t buy eggs now. I could buy any other protein for the price of eggs now
Capitalism functioning as expected. Shocking.
Shocked Pikachu face.
$5/dozen is pretty good compared to most prices I’ve seen.
They’re $11 in southern California.
I saw $10 at my regular store in Ohio last week. The same was $2 three years ago. That wasn’t even good “free range” eggs although I don’t believe that marketing. Backyard chickens are where it is at.
$11 in Western WA state too.
The industry has already been found liable for such behavior: https://apnews.com/article/egg-producers-price-gouging-lawsuit-conspiracy-be6919b3fb42bf2d9d3884d5e133e91d
People cannot keep up with the costs. The government isn’t doing anything. They let corporations get away with everything
sighs This is so very frustrating. 😖
What a hurtful thing to say about a “person”.
/s
“No shit.”
