"And again, when you have 15 people, and the 15 within a couple of days is going to be down to close to zero, that’s a pretty good job we’ve done.” — Trump about covid-19 in Feb 2020
It won’t matter to magats cos eggs was their front to avoid admitting that they are racist and sexist
It peaked last month but has actually dropped a lot since then: https://tradingeconomics.com/commodity/eggs-us
I assume it’s because the price was so ridiculously high that the reduction in sales was finally felt by suppliers. Trump did nothing to help.
Your link is wholesale prices of white non-organic caged eggs, updated daily. It also excludes the eggs sold on long term contracts.
The AP article takes the CPI report of the consumer price of all eggs (white vs brown, organic vs non organic, caged versus cage free versus free range) in a weighted average of how much is sold, and averages over the entire month. Plus retailers simply can’t update prices daily, and prefer to price things at numbers that end in 9.
The bird flu issues seemed to affect caged non-organic producers harder, so that those prices moved a lot more than the free range organic stuff. That led to some unexpected flips of which was more expensive, as I’d seen some traditional eggs going for $8.99 (up from around $3 before) while the free range organic stuff was only slightly up to $7.99 (up from about $5 before), literally in the same store on the same shelves.
Taken all together, you’d expect the monthly CPI price of an average of all types of eggs to be much less volatile than the daily wholesale spot price of the cheapest type of grade A whole fresh eggs.
Anecdotally I’ve already seen egg prices drop this month. Lots more availability of the sub-$5 options when I was in the store earlier this week. I’d expect next month’s CPI report, about the current month, to reflect a drop in retail egg prices.
He said they were lower this week, not a prediction. Just another one of his lies.
I’m guessing Denmark has just about the most expensive eggs in EU at about 4.00 EUR or 4.50 USD for 10.
So 5.20 USD for 10 eggs doesn’t seem that expensive to me.
On the other hand, close to 1.00 USD for 12 eggs as it was not long ago, seems extremely cheap, so cheap that I doubt those can be made responsibly or be very good.PS: The price in Denmark includes 25% VAT.
The issue is that we are still getting the same factory farm, low quality, bleach washed $1 eggs at ridiculous and obvious collusion pricing.
Yes, apparently the cheap production wasn’t sustainable, and unable to handle infections.
I just find it crazy that it was even possible to produce them that cheap in the first place.Horrible condition factory farming is unfortunately sustainable. The cost to produce eggs has not significantly increased and we’ve only culled ~4% of birds due to BF. On top of that i hear infections are slowing lately. But somehow prices have increased 4-10x, this shows prices are being fixed intentionally by the ~4 major US egg suppliers colluding.
Yes that’s probably capitalism working as intended. 😋
Kartels are illegal, but if they can agree silently on not lowering prices again, I guess there is little anyone can do.
