440
submitted 2 months ago* (last edited 2 months ago) by MicroWave@lemmy.world to c/news@lemmy.world

Summary

Egg producers blame the bird flu outbreak for record-high prices, but critics argue dominant companies are exploiting supply shortages to boost profits.

With over 166 million birds culled and egg layers significantly reduced, prices surged from under $2 to nearly $5 per dozen.

Egg supply is down only 4% from last year, yet profits have surged. Cal-Maine Foods, supplying 20% of U.S. eggs, reported a $219 million profit in the last quarter, compared to just $1.2 million before the outbreak, a 18,150% increase.

Lawmakers and advocacy groups are calling for a government investigation into potential monopolistic practices.

top 50 comments
sorted by: hot top controversial new old
[-] thfi@discuss.tchncs.de 136 points 2 months ago
[-] xmunk@sh.itjust.works 38 points 2 months ago
load more comments (3 replies)
[-] Viking_Hippie@lemmy.dbzer0.com 30 points 2 months ago* (last edited 2 months ago)

A rare inversion of Betteridge's law of headlines is "whenever someone questions whether or not the rich and powerful are exploiting everyone, the answer is yes"

[-] enemenemu@lemm.ee 68 points 2 months ago

People have to understand that if the price is too high, they can just not buy it.

It is as simple as that. As long as you buy, it is not too expensive. Just stop eating eggs.

[-] triptrapper@lemmy.world 41 points 2 months ago* (last edited 2 months ago)

What you're saying is true in fact, but I feel like you're letting the price gougers off the hook a little. Eggs are popular because they're versatile, nutritionally dense and traditionally cheap. Eggs are almost the best breakfast kids can have before school because they help with focus and keep them full. There really isn't a replacement at the same price point. I don't think we should expect them to be so cheap that we rely on animal cruelty, but they shouldn't be a luxury item either.

EDIT: to clarify, it's the protein and fat that help with focus and fullness, not eggs specifically.

[-] enemenemu@lemm.ee 6 points 2 months ago

Yes, eggs are very good nutritionwise. But deseases like mentioned in the post (those greedy company owners) should steer people away from it. Somehow it doesn't and people keep buying it.

I'd prefer oats + (soy) yoghurt (skyr) + fruits

load more comments (15 replies)
[-] ShinkanTrain@lemmy.ml 14 points 2 months ago

Food too expensive? Just don't eat.

[-] Makhno@lemmy.world 13 points 2 months ago

Housing too expensive? Just don't sleep.

[-] tburkhol@lemmy.world 11 points 2 months ago

Haven't bought eggs all year. Not over $4. Of course, for me, they're just a nice treat...shoyu eggs make a great snack; egg baked on khachapuri; fried over rice. Some people, they're a key protein, or essential to cakes & cookies. I figure, if the price is high, then leaving them on the shelf makes more available where they're irreplaceable, but I can still feel bad for people who have to pay that price.

[-] enemenemu@lemm.ee 10 points 2 months ago* (last edited 2 months ago)

Who is forced to pay it? Eggs aren't irreplacable

[-] rockSlayer 19 points 2 months ago

It's important to remember that we can't dictate or predict other people's dietary restrictions. We can still feel empathy for people in a predicament due to prices

[-] enemenemu@lemm.ee 7 points 2 months ago* (last edited 2 months ago)

Dietary restriction? What disease mandates eating eggs?

Empathy for people for eating expensive eggs? Usually people want empathy for the animals because eating them is cruel.

load more comments (1 replies)
[-] Netrunner@programming.dev 5 points 2 months ago

And people have to understand that Marie Antoinette said the same line and it started the french revolution.

load more comments (1 replies)
[-] Gerudo@lemm.ee 48 points 2 months ago
[-] Thteven@lemmy.world 18 points 2 months ago

Yeah people act like this hasn't been going on for years at this point.

[-] octopus_ink@lemmy.ml 40 points 2 months ago* (last edited 2 months ago)
[-] gi1242@lemmy.world 36 points 2 months ago

Lawmakers and advocacy groups are calling for a government investigation into potential monopolistic practices.

lol. this government believes in free market and corporate profits. if found guilty of monopolistic practices the top execs will immediately be offered more tax breaks, handouts and/or high profile government positions

[-] mapmyhike@lemmy.world 27 points 2 months ago

I BOUGHT my eggs from small local farmers but they have been charging market prices. I asked a few of them why. One said if he didn't that people would swoop in and buy all his inventory and likely resell it. Another, who ALSO has not been affected by bird flu said it is an investment for IF he loses his flock. So now I don't buy eggs and have not been to a breakfast diner in about a year. I have actually ceased from eating out completely and purchase my food mostly from local farms and cut out meat. My cholesterol, sugar and BP have all greatly improved. Who knew, less is more. I am still annoyed that local farmers are keeping up with the market. The local Amish sold "pun'kins" to Walmart at .50 a piece which Walmart then sold for up to $8. At the Amish stand, they were selling them for $8.

[-] Drusas@fedia.io 5 points 2 months ago

The possibility of losing their entire flock of chickens is a pretty reasonable concern right now.

[-] apex32@lemmy.world 5 points 2 months ago

What's a "pun'kin"?

I'm guessing it's a quantity of eggs, but Google isn't helping.

[-] SoleInvictus 7 points 2 months ago
[-] __nobodynowhere@sh.itjust.works 24 points 2 months ago

Are ~~egg~~ producers inflating prices ~~during the bird flu outbreak~~ to boost profits?

Yes

[-] bravesilvernest@lemmy.ml 22 points 2 months ago

Got 6 chickens last year, the wife said we probably spent too much decking out their living space. I say probably, but they're more pets for me to have, the 6 eggs a day is just a nice bonus.

Smash cut to this year: suddenly my "investment" is going to be paid off much sooner 😅

[-] Corkyskog@sh.itjust.works 6 points 2 months ago

How much human food can you feed a chicken before they get sick?

[-] TransplantedSconie@lemm.ee 8 points 2 months ago

They can eat lots of things! Certain seeds (cherry apple) can kill them. Just like us practice moderation.

load more comments (3 replies)
[-] Pyr_Pressure@lemmy.ca 17 points 2 months ago

If true, Republicans also voted for it.

That is what zero regulations and zero enforcement gets you which is exactly what Trump embodies when gutting regulations and federal funding and jobs for enforcement agencies.

[-] ristoril_zip@lemmy.zip 16 points 2 months ago
load more comments (1 replies)
[-] ALilOff@lemmy.world 16 points 2 months ago* (last edited 2 months ago)

100% they are.

I don’t know truth as I one saw YouTube Videos of grocery stores

Egg prices for a dozen… in Canada are around $4.75 (Canadian) In Mexico $53-$70 pesos… or around $2.50-$3.50 US

Edit: after quick search looks like Mexico avoided bird flu because they vaccinate their chickens… didn’t realize we are that strong against vaccination we won’t even vax the chix

[-] RememberTheApollo_@lemmy.world 5 points 2 months ago

The vaccination effort would increase man hour costs and the cost of the vaccines. Can’t do anything that might affect profits.

load more comments (1 replies)
[-] Lucidlethargy@sh.itjust.works 15 points 2 months ago

In Trump's America, that's entirely plausible.

[-] TheDoozer@lemmy.world 10 points 2 months ago

I live in Alaska, and if nobody was talking about the eggs thing I wouldn't have had more of a thought about it than "huh, eggs are a little expensive right now. Or are they? Have they always been this expensive?"

For reference, eggs here are $10-$11 a dozen. And for extra reference, a regular sized container of strawberries fluctuates between $5 and $12, and a carton of ice cream (e.g. Dreyer's) is generally around $12 if it's not on sale.

The thing is, around here people just... shift what they buy mostly. Strawberries are expensive? Time to buy apples. Ice cream is expensive? Wait to buy until it's on sale, then buy 8. Bread is only $4.50 a loaf? HOLY SHIT, FILL HALF THE FREEZER.

I'm not trying to minimize the issue. There are lots of people who specifically need eggs (e.g. bakers), but for the most part, I feel like this is some weird hyper-fixation. This feels like toilet paper at the beginning of the pandemic.

To egg distributors: sell more 6-packs. Outside of baking, I just don't think normal people need that many eggs.

load more comments (2 replies)
[-] tiredofsametab@fedia.io 10 points 2 months ago

If people keep buying, the prices will also never go back to what they were as sellers will decide that the market supports it (though probably reducing what farmers actually get so of course the middlemen get all the profit -- buy direct and local wherever possible!)

[-] Kcap@lemmy.world 9 points 2 months ago

Narrator: "they are"

[-] frog_brawler@lemmy.world 8 points 2 months ago* (last edited 2 months ago)

It wouldn’t surprise me if they were increasing prices not to take profits and keep them, but to increase profits and purchase politicians. You know… exactly like what’s been happening with this most recent “inflation,” we’ve had.

[-] A_Random_Idiot@lemmy.world 5 points 2 months ago

Just a reminder that a scant couple years ago, egg prices skyrocketed under claims of inflation..and were cut in half almost overnight when Harris threatened RICO investigations.

Which also had supermarkets like Kroger coming forward to admit to gouging (to prevent investigations into other shit they were doing)

[-] Zier@fedia.io 7 points 2 months ago

President Felon in in charge, they are totally going to rob consumers. No one will stop them. I don't eat eggs so I am rooting for the prices to go up. Are they $20/a dozen yet?

[-] rumba@lemmy.zip 7 points 2 months ago

If you want to tell, look at the stock on the shelves.

If the shelves are full of eggs they've inflated the prices.

There should be a supply and demand problem for prices to raise organically.

[-] psion1369@lemmy.world 6 points 2 months ago

My big question is that if a whole flock is killed when bird flu is discovered, why are JUST egg prices going up? My local grocery store recently had a sale on chicken but the eggs are in short supply and cost nearly 10 times what they used to a few months ago? Shouldn't chicken meat be expensive too? Or do I not know anything about poultry farming and bird flu?

[-] iAvicenna@lemmy.world 5 points 2 months ago* (last edited 2 months ago)

They most probably are. Whenever there is high uncertainty in prices, producers will maximise profit by selling everything at the upper limit and use something like "safety buffer" or "restocking at a more expensive rate" bla as a bullshit excuse. Has been happening in Turkey for the last five years basically across every daily household product range and hospitality sector.

[-] PM_Your_Nudes_Please@lemmy.world 5 points 2 months ago

prices surged from under $2 to nearly $5 per dozen.

Where the fuck does this editor live? Cuz where I am, they went from $2 to $12.

[-] parrhesia@sh.itjust.works 5 points 2 months ago

Again? Probably.

[-] the_q@lemm.ee 4 points 2 months ago

Absolutely.

load more comments
view more: next ›
this post was submitted on 28 Feb 2025
440 points (100.0% liked)

News

29172 readers
3706 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS