The USDA says egg prices could increase 41% this year.
Meanwhile, the industry is more consolidated than ever and revenues are rising.
Cal-Maine Foods controls a fifth of the egg market. Its revenue jumped 82% in a year—driven by an "increase in the net average selling price."
Meanwhile, the industry is more consolidated than ever and revenues are rising.
Cal-Maine Foods controls a fifth of the egg market. Its revenue jumped 82% in a year—driven by an "increase in the net average selling price."
Comments
It's open season on lower income and middle class people.
I live in Canada and was at the grocery store yesterday.
Medium eggs: $4.07 (Cdn)
~$2.91 (US)
Large eggs: $5.49 (Cdn)
~$3.92 (US)
Honestly… just start doing without eggs. It’s less hard than anyone seems ready to accept.
💀 - - - - - → Fred R. Adams & all da other Cal-Maine beneficiaries
But there's evidence pointing to a massive corporate price-gouging scheme spanning the egg industry.
Inflation is the same as in the US.
Eggs are still £2.70 at our local supermarket (about $3.42) a dozen.
It's not the Inflation, and it's not the bird flu.
It will always be more profitable to sell 12 eggs for $10, rather than selling 24 eggs for $10. It's so obvious it sounds stupid.