Price of Eggs

[Anonymous]

Anonymous wrote:Not the pp, but here's a link regarding record profits.

https://www.cnn.com/2023/01/13/business/egg-prices-cal-maine-foods/index.html

That’s an article about the avian flu and how egg companies are making more money because an increasing number of people are willing to pay more for “specialty” organic cage free eggs. No snarky quote from the CEO, which has still not been provided.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wait...there is a shortage of eggs which is why they cost more, yet corporations are making record profits? How does this make sense??

Pre-gouging company sells 1,000,000 dozen eggs a week at $2/dozen, makes $2,000,000 in revenue.

News hits of egg shortage, company says "well we're sorry but we just can't help but raise prices, we're all feeling the hurt after all!" Now they sell 500,000 dozen eggs a week at $4/dozen and still make $2,000,000 in revenue, but they make more profit than they did before because they're only feeding half as many chickens and shipping half as many eggs so they use half as many cartons, pay half as many truck drivers, buy half as much gas, etc.

Then because they see their $4 eggs are still selling out, they raise them to $5, then $6.

Then comes the really fun part, when the avian flu outbreak ends and they go back to selling 1,000,000 dozen eggs a week but only drop the prices back to $4/dozen, and when you complain and say "hey didn't eggs cost $2? You said you only had to charge more because of the avian flu, but now that's over and eggs cost twice as much as they did before" they say "Inflation, it's all Biden's fault! You better vote Republicans in if you want $2 eggs again!"

Then the Republicans take power and they pass laws that say you can cram twice as many chickens into tiny cages as before, you can dump their manure straight into the river, and and you can grind up the old, dead, diseased chickens to feed to the living ones, and yet somehow eggs still cost $4.

Ummm... no, the price of feed, labor and gas went up too. You have very limited understanding of economics and politics.

Not to mention the cost of replacing chickens that died from avian flu.

And let’s think about what happens when the chickens have died and there are shortages and the original seller doesn’t raise the price. People keep buying as many eggs as they did before and half the people don’t get eggs. Someone notices this is happening sells their eggs on the secondary market for a steep mark up. More people notice and start hoarding eggs, so eggs are even harder find, so the egg scalpers can then sell them for an even steeper markup. All of the profits go to the “egg scalper” and the original egg processor and the farmer don’t see a dime, so they don’t have the capital or incentive to raise more chickens. Think PS5 and Taylor Swift tickets, if you want to see a real-life example.

It’s not just the birds that died from the flu. The government forces farmers to cull their entire flock if bird flu is found nearby even when most of them are healthy or would survive.

https://www.backyardchickens.com/threads/what-i-learned-from-my-awful-experience-with-avian-flu.1532060/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wait...there is a shortage of eggs which is why they cost more, yet corporations are making record profits? How does this make sense??

Pre-gouging company sells 1,000,000 dozen eggs a week at $2/dozen, makes $2,000,000 in revenue.

News hits of egg shortage, company says "well we're sorry but we just can't help but raise prices, we're all feeling the hurt after all!" Now they sell 500,000 dozen eggs a week at $4/dozen and still make $2,000,000 in revenue, but they make more profit than they did before because they're only feeding half as many chickens and shipping half as many eggs so they use half as many cartons, pay half as many truck drivers, buy half as much gas, etc.

Then because they see their $4 eggs are still selling out, they raise them to $5, then $6.

Then comes the really fun part, when the avian flu outbreak ends and they go back to selling 1,000,000 dozen eggs a week but only drop the prices back to $4/dozen, and when you complain and say "hey didn't eggs cost $2? You said you only had to charge more because of the avian flu, but now that's over and eggs cost twice as much as they did before" they say "Inflation, it's all Biden's fault! You better vote Republicans in if you want $2 eggs again!"

Then the Republicans take power and they pass laws that say you can cram twice as many chickens into tiny cages as before, you can dump their manure straight into the river, and and you can grind up the old, dead, diseased chickens to feed to the living ones, and yet somehow eggs still cost $4.

Ummm... no, the price of feed, labor and gas went up too. You have very limited understanding of economics and politics.

Not to mention the cost of replacing chickens that died from avian flu.

And let’s think about what happens when the chickens have died and there are shortages and the original seller doesn’t raise the price. People keep buying as many eggs as they did before and half the people don’t get eggs. Someone notices this is happening sells their eggs on the secondary market for a steep mark up. More people notice and start hoarding eggs, so eggs are even harder find, so the egg scalpers can then sell them for an even steeper markup. All of the profits go to the “egg scalper” and the original egg processor and the farmer don’t see a dime, so they don’t have the capital or incentive to raise more chickens. Think PS5 and Taylor Swift tickets, if you want to see a real-life example.

It’s not just the birds that died from the flu. The government forces farmers to cull their entire flock if bird flu is found nearby even when most of them are healthy or would survive.

https://www.backyardchickens.com/threads/what-i-learned-from-my-awful-experience-with-avian-flu.1532060/

AND, kicker, companies that were not impacted by avian flu at all raised prices. Yayyyyy

[Anonymous]

Anonymous wrote:

Anonymous wrote:My chickens sometimes drive me crazy. But these days, I’m really glad we have them. They produce more than we can use. The food pantries won’t take them and I understand why. I’ve just been giving eggs to friends. I saw the prices at the grocery store last week. $6 for a dozen cage free. Yikes!

what is your best chicken's name?

I paid 7.49 for a box of pasture eggs at whole foods today :/

Jennifer! She is my favorite.

[Anonymous]

Anonymous wrote:

Anonymous wrote:My chickens sometimes drive me crazy. But these days, I’m really glad we have them. They produce more than we can use. The food pantries won’t take them and I understand why. I’ve just been giving eggs to friends. I saw the prices at the grocery store last week. $6 for a dozen cage free. Yikes!

How much do they cost to feed? My friends who raise hens say that they aren't saving much money due to the cost of feed.

I buy some feed, which is more expensive right now. But I also feed them a lot of kitchen scraps. Most chickens do better with more than just chicken feed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Wait...there is a shortage of eggs which is why they cost more, yet corporations are making record profits? How does this make sense??

The company that markets “Egglands Best” is making a fortune because they have figured out how to brand eggs in a way that suckers people into paying more for the same product. You don’t want them to make money? Don’t buy their product.

Got it. I won't buy from Egglands Best. It's terrible because now I suspect any price increase to be someone trying to take advantage of all the craziness since the start of the pandemic. It's so sad when people are hurting and something like eggs is now out of their reach.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wait...there is a shortage of eggs which is why they cost more, yet corporations are making record profits? How does this make sense??

Pre-gouging company sells 1,000,000 dozen eggs a week at $2/dozen, makes $2,000,000 in revenue.

News hits of egg shortage, company says "well we're sorry but we just can't help but raise prices, we're all feeling the hurt after all!" Now they sell 500,000 dozen eggs a week at $4/dozen and still make $2,000,000 in revenue, but they make more profit than they did before because they're only feeding half as many chickens and shipping half as many eggs so they use half as many cartons, pay half as many truck drivers, buy half as much gas, etc.

Then because they see their $4 eggs are still selling out, they raise them to $5, then $6.

Then comes the really fun part, when the avian flu outbreak ends and they go back to selling 1,000,000 dozen eggs a week but only drop the prices back to $4/dozen, and when you complain and say "hey didn't eggs cost $2? You said you only had to charge more because of the avian flu, but now that's over and eggs cost twice as much as they did before" they say "Inflation, it's all Biden's fault! You better vote Republicans in if you want $2 eggs again!"

Then the Republicans take power and they pass laws that say you can cram twice as many chickens into tiny cages as before, you can dump their manure straight into the river, and and you can grind up the old, dead, diseased chickens to feed to the living ones, and yet somehow eggs still cost $4.

Ummm... no, the price of feed, labor and gas went up too. You have very limited understanding of economics and politics.

Apparently the prices of those things didn't go up enough to damage eggland's profits. So YOU explain it please.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My chickens sometimes drive me crazy. But these days, I’m really glad we have them. They produce more than we can use. The food pantries won’t take them and I understand why. I’ve just been giving eggs to friends. I saw the prices at the grocery store last week. $6 for a dozen cage free. Yikes!

what is your best chicken's name?

I paid 7.49 for a box of pasture eggs at whole foods today :/

Jennifer! She is my favorite.

Jennifer is such a great name for a chicken.

I imagine the rest of your flock is basically a 1980s high school with Amy, Melissa, Michelle, Kimberly, Lisa, Heather, Stephanie, Nicole, etc

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wait...there is a shortage of eggs which is why they cost more, yet corporations are making record profits? How does this make sense??

Pre-gouging company sells 1,000,000 dozen eggs a week at $2/dozen, makes $2,000,000 in revenue.

News hits of egg shortage, company says "well we're sorry but we just can't help but raise prices, we're all feeling the hurt after all!" Now they sell 500,000 dozen eggs a week at $4/dozen and still make $2,000,000 in revenue, but they make more profit than they did before because they're only feeding half as many chickens and shipping half as many eggs so they use half as many cartons, pay half as many truck drivers, buy half as much gas, etc.

Then because they see their $4 eggs are still selling out, they raise them to $5, then $6.

Then comes the really fun part, when the avian flu outbreak ends and they go back to selling 1,000,000 dozen eggs a week but only drop the prices back to $4/dozen, and when you complain and say "hey didn't eggs cost $2? You said you only had to charge more because of the avian flu, but now that's over and eggs cost twice as much as they did before" they say "Inflation, it's all Biden's fault! You better vote Republicans in if you want $2 eggs again!"

Then the Republicans take power and they pass laws that say you can cram twice as many chickens into tiny cages as before, you can dump their manure straight into the river, and and you can grind up the old, dead, diseased chickens to feed to the living ones, and yet somehow eggs still cost $4.

Ummm... no, the price of feed, labor and gas went up too. You have very limited understanding of economics and politics.

Apparently the prices of those things didn't go up enough to damage eggland's profits. So YOU explain it please.

+1
And I think eggland was one that didn't have impact from avain flu. They are just predatory. But someone would need to verify that.
In any case I have never bought eggland and never will, and now I'm going to research who is predatory and who is just doing their best. Happy to pay what it takes, but I truly sympathize with those who need cheap eggs for their families and their budgets. Maybe walking away from these providers will force some price adjustments?

One can hope.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My chickens sometimes drive me crazy. But these days, I’m really glad we have them. They produce more than we can use. The food pantries won’t take them and I understand why. I’ve just been giving eggs to friends. I saw the prices at the grocery store last week. $6 for a dozen cage free. Yikes!

what is your best chicken's name?

I paid 7.49 for a box of pasture eggs at whole foods today :/

Jennifer! She is my favorite.

Jennifer is such a great name for a chicken.

I imagine the rest of your flock is basically a 1980s high school with Amy, Melissa, Michelle, Kimberly, Lisa, Heather, Stephanie, Nicole, etc

I love this!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wait...there is a shortage of eggs which is why they cost more, yet corporations are making record profits? How does this make sense??

Pre-gouging company sells 1,000,000 dozen eggs a week at $2/dozen, makes $2,000,000 in revenue.

News hits of egg shortage, company says "well we're sorry but we just can't help but raise prices, we're all feeling the hurt after all!" Now they sell 500,000 dozen eggs a week at $4/dozen and still make $2,000,000 in revenue, but they make more profit than they did before because they're only feeding half as many chickens and shipping half as many eggs so they use half as many cartons, pay half as many truck drivers, buy half as much gas, etc.

Then because they see their $4 eggs are still selling out, they raise them to $5, then $6.

Then comes the really fun part, when the avian flu outbreak ends and they go back to selling 1,000,000 dozen eggs a week but only drop the prices back to $4/dozen, and when you complain and say "hey didn't eggs cost $2? You said you only had to charge more because of the avian flu, but now that's over and eggs cost twice as much as they did before" they say "Inflation, it's all Biden's fault! You better vote Republicans in if you want $2 eggs again!"

Then the Republicans take power and they pass laws that say you can cram twice as many chickens into tiny cages as before, you can dump their manure straight into the river, and and you can grind up the old, dead, diseased chickens to feed to the living ones, and yet somehow eggs still cost $4.

Ummm... no, the price of feed, labor and gas went up too. You have very limited understanding of economics and politics.

Apparently the prices of those things didn't go up enough to damage eggland's profits. So YOU explain it please.

+1
And I think eggland was one that didn't have impact from avain flu. They are just predatory. But someone would need to verify that.
In any case I have never bought eggland and never will, and now I'm going to research who is predatory and who is just doing their best. Happy to pay what it takes, but I truly sympathize with those who need cheap eggs for their families and their budgets. Maybe walking away from these providers will force some price adjustments?

One can hope.

Excellent point. I'm with you!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wait...there is a shortage of eggs which is why they cost more, yet corporations are making record profits? How does this make sense??

Pre-gouging company sells 1,000,000 dozen eggs a week at $2/dozen, makes $2,000,000 in revenue.

News hits of egg shortage, company says "well we're sorry but we just can't help but raise prices, we're all feeling the hurt after all!" Now they sell 500,000 dozen eggs a week at $4/dozen and still make $2,000,000 in revenue, but they make more profit than they did before because they're only feeding half as many chickens and shipping half as many eggs so they use half as many cartons, pay half as many truck drivers, buy half as much gas, etc.

Then because they see their $4 eggs are still selling out, they raise them to $5, then $6.

Then comes the really fun part, when the avian flu outbreak ends and they go back to selling 1,000,000 dozen eggs a week but only drop the prices back to $4/dozen, and when you complain and say "hey didn't eggs cost $2? You said you only had to charge more because of the avian flu, but now that's over and eggs cost twice as much as they did before" they say "Inflation, it's all Biden's fault! You better vote Republicans in if you want $2 eggs again!"

Then the Republicans take power and they pass laws that say you can cram twice as many chickens into tiny cages as before, you can dump their manure straight into the river, and and you can grind up the old, dead, diseased chickens to feed to the living ones, and yet somehow eggs still cost $4.

Ummm... no, the price of feed, labor and gas went up too. You have very limited understanding of economics and politics.

Not to mention the cost of replacing chickens that died from avian flu.

And let’s think about what happens when the chickens have died and there are shortages and the original seller doesn’t raise the price. People keep buying as many eggs as they did before and half the people don’t get eggs. Someone notices this is happening sells their eggs on the secondary market for a steep mark up. More people notice and start hoarding eggs, so eggs are even harder find, so the egg scalpers can then sell them for an even steeper markup. All of the profits go to the “egg scalper” and the original egg processor and the farmer don’t see a dime, so they don’t have the capital or incentive to raise more chickens. Think PS5 and Taylor Swift tickets, if you want to see a real-life example.

It’s not just the birds that died from the flu. The government forces farmers to cull their entire flock if bird flu is found nearby even when most of them are healthy or would survive.

https://www.backyardchickens.com/threads/what-i-learned-from-my-awful-experience-with-avian-flu.1532060/

AND, kicker, companies that were not impacted by avian flu at all raised prices. Yayyyyy

Does anyone know which companies were not impacted by avian flu? I can't find any information on this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wait...there is a shortage of eggs which is why they cost more, yet corporations are making record profits? How does this make sense??

Pre-gouging company sells 1,000,000 dozen eggs a week at $2/dozen, makes $2,000,000 in revenue.

News hits of egg shortage, company says "well we're sorry but we just can't help but raise prices, we're all feeling the hurt after all!" Now they sell 500,000 dozen eggs a week at $4/dozen and still make $2,000,000 in revenue, but they make more profit than they did before because they're only feeding half as many chickens and shipping half as many eggs so they use half as many cartons, pay half as many truck drivers, buy half as much gas, etc.

Then because they see their $4 eggs are still selling out, they raise them to $5, then $6.

Then comes the really fun part, when the avian flu outbreak ends and they go back to selling 1,000,000 dozen eggs a week but only drop the prices back to $4/dozen, and when you complain and say "hey didn't eggs cost $2? You said you only had to charge more because of the avian flu, but now that's over and eggs cost twice as much as they did before" they say "Inflation, it's all Biden's fault! You better vote Republicans in if you want $2 eggs again!"

Then the Republicans take power and they pass laws that say you can cram twice as many chickens into tiny cages as before, you can dump their manure straight into the river, and and you can grind up the old, dead, diseased chickens to feed to the living ones, and yet somehow eggs still cost $4.

Ummm... no, the price of feed, labor and gas went up too. You have very limited understanding of economics and politics.

Not to mention the cost of replacing chickens that died from avian flu.

And let’s think about what happens when the chickens have died and there are shortages and the original seller doesn’t raise the price. People keep buying as many eggs as they did before and half the people don’t get eggs. Someone notices this is happening sells their eggs on the secondary market for a steep mark up. More people notice and start hoarding eggs, so eggs are even harder find, so the egg scalpers can then sell them for an even steeper markup. All of the profits go to the “egg scalper” and the original egg processor and the farmer don’t see a dime, so they don’t have the capital or incentive to raise more chickens. Think PS5 and Taylor Swift tickets, if you want to see a real-life example.

It’s not just the birds that died from the flu. The government forces farmers to cull their entire flock if bird flu is found nearby even when most of them are healthy or would survive.

https://www.backyardchickens.com/threads/what-i-learned-from-my-awful-experience-with-avian-flu.1532060/

AND, kicker, companies that were not impacted by avian flu at all raised prices. Yayyyyy

Does anyone know which companies were not impacted by avian flu? I can't find any information on this.

Here you go. Lots of good stuff here: https://www.truthorfiction.com/eggs-chickens-and-windfall-profit-tax-tweets/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Wait...there is a shortage of eggs which is why they cost more, yet corporations are making record profits? How does this make sense??

Pre-gouging company sells 1,000,000 dozen eggs a week at $2/dozen, makes $2,000,000 in revenue.

News hits of egg shortage, company says "well we're sorry but we just can't help but raise prices, we're all feeling the hurt after all!" Now they sell 500,000 dozen eggs a week at $4/dozen and still make $2,000,000 in revenue, but they make more profit than they did before because they're only feeding half as many chickens and shipping half as many eggs so they use half as many cartons, pay half as many truck drivers, buy half as much gas, etc.

Then because they see their $4 eggs are still selling out, they raise them to $5, then $6.

Then comes the really fun part, when the avian flu outbreak ends and they go back to selling 1,000,000 dozen eggs a week but only drop the prices back to $4/dozen, and when you complain and say "hey didn't eggs cost $2? You said you only had to charge more because of the avian flu, but now that's over and eggs cost twice as much as they did before" they say "Inflation, it's all Biden's fault! You better vote Republicans in if you want $2 eggs again!"

Then the Republicans take power and they pass laws that say you can cram twice as many chickens into tiny cages as before, you can dump their manure straight into the river, and and you can grind up the old, dead, diseased chickens to feed to the living ones, and yet somehow eggs still cost $4.

Ummm... no, the price of feed, labor and gas went up too. You have very limited understanding of economics and politics.

Not to mention the cost of replacing chickens that died from avian flu.

And let’s think about what happens when the chickens have died and there are shortages and the original seller doesn’t raise the price. People keep buying as many eggs as they did before and half the people don’t get eggs. Someone notices this is happening sells their eggs on the secondary market for a steep mark up. More people notice and start hoarding eggs, so eggs are even harder find, so the egg scalpers can then sell them for an even steeper markup. All of the profits go to the “egg scalper” and the original egg processor and the farmer don’t see a dime, so they don’t have the capital or incentive to raise more chickens. Think PS5 and Taylor Swift tickets, if you want to see a real-life example.

It’s not just the birds that died from the flu. The government forces farmers to cull their entire flock if bird flu is found nearby even when most of them are healthy or would survive.

https://www.backyardchickens.com/threads/what-i-learned-from-my-awful-experience-with-avian-flu.1532060/

AND, kicker, companies that were not impacted by avian flu at all raised prices. Yayyyyy

Does anyone know which companies were not impacted by avian flu? I can't find any information on this.

Here you go. Lots of good stuff here: https://www.truthorfiction.com/eggs-chickens-and-windfall-profit-tax-tweets/

In the summary - so avoid Egg-Land's Best, Farmhouse Eggs & Land O'Lake Eggs:

"Alongside memes about “expensive eggs” across social media, a January 15 2023 tweet by Sen. Bernie Sanders about a “windfall profits tax” and egg prices began circulating. Sanders claimed that a supplier of three brands increased its profits by 65 percent in the previous fiscal quarter “to a record-breaking $198 million while doubling the price of eggs & reporting no positive cases of avian flu.” The tweet did not include a citation for the figures Sanders referenced.

A January 13 2023 CNN Business article reported that, just as Sanders claimed, supplier Cal-Maine (or CALM) had increased their profit by 65 percent to $198 million in the most recent quarter. CNN referenced a statement, which matched a December 28 2022 egg industry report. In it, Cal-Maine’s Chief Financial Officer mentioned net income of “$198.6 million,” matching Sanders’ tweet.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My chickens sometimes drive me crazy. But these days, I’m really glad we have them. They produce more than we can use. The food pantries won’t take them and I understand why. I’ve just been giving eggs to friends. I saw the prices at the grocery store last week. $6 for a dozen cage free. Yikes!

what is your best chicken's name?

I paid 7.49 for a box of pasture eggs at whole foods today :/

Jennifer! She is my favorite.

Jennifer is such a great name for a chicken.

I imagine the rest of your flock is basically a 1980s high school with Amy, Melissa, Michelle, Kimberly, Lisa, Heather, Stephanie, Nicole, etc

Yes!!! 1980s named chickens!!!