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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Wait...there is a shortage of eggs which is why they cost more, yet corporations are making record profits? How does this make sense??[/quote]

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 [i]just can't help but[/i] 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.  [/quote]

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

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. [/quote]

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/[/quote]

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

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

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

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.[/quote]

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