OregonComputerGuy
134672
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Farm Action claims the “real culprit” behind the massive price increases is “a collusive scheme among industry leaders to turn inflationary conditions and an avian flu outbreak into an opportunity to extract egregious profits.”
Cal-Maine Foods, which controls 20% of the retail egg market, reported quarterly sales up 110% and gross profits up more than 600% over the same quarter in the prior fiscal year, according to a December filing with the Securities and Exchange Commission (SEC). The company pointed to decreased egg supply nationwide due to avian flu as the reason for higher prices and record sales. Cal-Maine brands include Egg-Land’s Best, Farmhouse Eggs, and Land O’ Lakes eggs.
The company has had no positive avian flu tests on any of its farms, according to its quarterly report. Cal-Maine did not respond to a request for comment.
https://time.com/6249041/egg-prices-high-gouging/
American corporations being American corporations
basicisaac
Somebody at my local super poked a hole with her thumb into every single egg on the shelf. Was mad then but now I get it. Sorry lady.
byohzzrd
"It's a free market." ~Says those that manipulate the market, competition, and legislation.
CthulhuCups
Been making veg egg replacements because it's lots cheaper/local eggs are on waitlist. Ain't vegan or anything but I may not switch back.
TimeFoDat
I just stopped buying eggs. You don’t need them to live; there are even alternatives for baking that are tolerable.
CthulhuCups
Same! Just egg is cheaper in my area and that's pretty tasty imo. Haven't tried baking with it but that's what I have chia for, lmao.
SubTrout
More fuel to nobody giving a shit when they start stealing shit from these big chain stores
PanNonOpticon
Just calculated. With those prices shipping eggs from Europe to US by airfreight would be profitable. Problem is in EU you can't wash eggs.
PanNonOpticon
In US you can't sell unwashed eggs.
DarknessOfIce
Wash them on the way over. Just drag them behind the boat and let the sea rinse them off.
Ikwilstroopwaffels
Just uh, an FYI guys... I paid 1.29 euro for 6 yesterday. America really needs to reign these bastards in before it's too late.
Shaodyn
Are you telling me that corporations are GREEDY? I'm shocked! Shocked! Well, not that shocked.
Tumescentpie
Companies have figured out that people aren't going to riot over the price gorging so they are going to continue to look for that point
Potatokil1er
Consolidation of food production into a few giant corporations is going to end humanity
easilybutthurt9000
ETR
scoutMoonDiver
easilybutthurt9000
Yes
Lifesforliving
"Capitalistic profits ensure the poor are deprived of essentials" - The Conservative Times.
Irarelypostbutwhenidoitsucks
Did this start in the drug industry? When pharma bro raised insulin prices 700% without any real consequences? Or the fossil fuels industry?
SnarkeyMonkey
Youhavinagiraffe
Shit, inflation is an even bigger issue in the UK (thanks Truss and the Tories) but eggs cost less than half this much
ChloeRed
That works out at 33p an egg. I paid 30p an egg in sainsburys this morning. That's not half that much...
Margrave9000
Authorities in a sane country would intervene and control prices. Fuck the rich!
YuckFuMaga
You are correct but here in America the imbeciles are taught to worship the Bible (they have never read), the dollar, and their guns.
wetAnimal
BurnieCinders
wetAnimal
Indeed it is america, but if it was a bit more like france normal people would have a lot more money, food, healthcare and free time.
razorhogs
I've been saying this from the beginning. There are so many poultry in the US that a few million lost is going to make almost no difference.
CrazyCatLad
Yeah I don't buy their excuses. Chicken has been livestock for thousands of years, bullshit greed.
razorhogs
You're right! I used to work at a chicken plant that processed 1.5 million birds per week. It was a medium sized plant in that company.
astromoondoggie
esparadrapo
Shellshocked?
Heavenissize17socks
If they were in charge of petroleum companies, they'd be charging $20.99/gallon!
Loctavius
6.56 for 18 eggs in Central Florida. I can't afford that.
diselage
8ish for 18 in midwest
ImguritisIsNotCureable
$2.17 so far for 18 large here in Oregon
weidermeijer
I’m sorry, but at 36 cents an egg, that is STILL one of your cheapest meal options… besides pasta.
UncleMeaty
$3.69 Canadian for a dozen here.
MrJenks
The one time things are cheaper in Canada lol. About 3.57 a dozen where I am.
LucianoIntorno
18 in Oklahoma is closer to $9 to $10 at Wally World. And my family eats a lot of damned eggs.
CrazyCatLad
10.99 for 18 Eggland's Best which I never buy anyway. 4.71 for 12 at Aldi...Aldi has usually been $2 something
servingmytimeinusersub
I work at trader Joe's. Our cheapest were 2.99. They are still 2.99
CrazyCatLad
Well tell Joe to set up a Trading Post near me! ;)
Santa9
$6.50 for 24 at Costco, $15 for five dozen!
likerice
Seriously. I live out in the country and everyone's been selling their fresh eggs for the same price for the last 10 years /1
likerice
If tiny farms and farm stands didn't have to raise their prices, query why big agriculture and grocery chains are hurting so bad
SuperPickle17
small farms don't generally need to cull their entire stock because of avian flu, But it's not like this hasn't been an issue before.
hnngh
It's almost like the greed driven capitalist free market is not the best
Poptartflavoredgiraffe1
Die in a fire communist
hnngh
I keep trying but the marshmallows keep distracting me.
Reklamfox
Not the best for us as the consumer, but it's working out SPECTACULARLY for the shareholders, so it ain't going anywhere
Syrpynt
You think the future BE HEADING this way still? I hope you're wrong and we wake up from this nightmare.
BronkLuonk
Price fixing is anti free market
UsuallySpecial
That’s why there are regulations and laws against it. “Regulations are anti free market” rinse repeat.
teapartyyy
bUt tHe mArKeT WiLl rEgUlAtE ItSeLf
hateanyway
capitalism is the worst economic system, except for all the other ones.
DeVermisMysteriis
Shit, I made the mistake of shopping for a new car. I have stopped shopping for a new car
basicisaac
Never buy a new car. It’s a rip off. The second you drive off the lot you lost 30% of value. When youre done payin your vehicle is worth 5%
F4ndango
Those numbers are off. My car is 7 years old, paid off, and still has over half its original value.
pashmamasofat
This WAS true. But the used car market is a shit show now. We spent months shopping it's no longer a rule of thumb
Ghlargh
For gas cars yes, the math is a bit different if you're buying an electric car since you're getting someone's used battery as well.
2074red2074
This only seems like a problem if I plan to sell my car later. Why would I do that?
DeVermisMysteriis
Yes. Used car market is fucked too
Martellus
The thing is, would they even bring the price down after this bird flu epidemic is over?
Virus322
You missed the part where they had no positive avian flu tests reported on any of their farms. They're just price gouging. It's greed.
armagetz
That factoid is literally irrelevant though. That can be true and the product still sold at a fair market price.
armagetz
The increased prices aren’t primarily to offset losses in culling, but because there is a far smaller supply for the same demand. Not the
armagetz
(3)first time this has happened.
sleepinggreenidea
They might bring them down a little in response to widespread outcry, but almost certainly not as low as they were before.
SploogeMcDuck316
100. Theyll bring it down just low enough to make ppl forget. But still higher than it was before.
mesogiria
https://fred.stlouisfed.org/series/APU0000708111 Yes, the price will go up and down over time.
Martellus
For our sakes, i hope you’re right. Cause seeing at how people are just unashamedly showing how greedy they are lately, easy to lose hope
Lifesforliving
No.
CrazyCatLad
Nope. If this inflation ever ends, these prices won't decrease.
pleaseconsiderthatImightbejoking
if fairness an end to inflation just means the money stop devaluing. It doesn't come with a period of deflation after.
notacobra
Almost everything bad in the consumer world comes from the absence of windfall tax, monopolies and corruption allowing both to flourish.
Ximinipot
Well, I mean, no fucking shit. Companies don't give a fuck about you, only profits.
OceanCitySoul
Sadly, our government doesn't care about you either, they only care about corporate profits.
ThePastmaster
Which would be marginally okay... IF THE COMPANY PAID ANY TAX ON IT! >:/
ClutteredDesk
The WOTC employee said it best "They see customers as only an obstacle to their money". They don't want you to have any, give it all to them
xj4low
And the the prices will never reset.
confirmsthings
The greedy corporations are making a quick buck off tragedy? No way, they'd never, naaah!
damogen
Cooperations will do anything they are allowed to do. The real issue is that your regulations are shit
mindstorm8191
They'll do it during a tragedy, they'll do it even more when it's over, they'll even make new tragedies (real or not) to keep doing it
Mairoa
I was wondering... The local eggs at my co-op and farm stands are basically the same price as before. That explains it
Shaodyn
I mean, it's not like they deliberately profited off a global pandemic.
Thediciplematt
Just stop eating so many eggs. We went from 3-4 every 2 days to that many 1x a week. There are other breakfast items
Sage042000
Are you guys sure it isn't Biden's fault? Let me check fox news to see what I think. I bet they planned this price hike on hunter's laptop.
certainlynotaserialkiller
* non existing tragedies
Lethous
Yup, reps always talk about free market competition, but it the execs all just agree to price gouge together, then call it "market factors"
Lethous
They have colluded at the ski resort to make themselves richer
JarJarBinksKisser
PutItInNeutral
Nothing will happen unless the people that enact decisions like this are made examples of.
confirmsthings
The people are too comfortable for that still.
irisewithredeyes
Eggregious profits, you say?
LinesOfCokeWithSnowman
how his wife?
MollyInanna
Hey man this isn't something to yolk about
BennyGaga
I'll bet those egg council creeps got to the government too.
SSSDante
I was hoping this would be top comment
ariochrn
Your pun is oeuf-ul.
Elbowdeepinabeepbeepsheep
Speggtacular pun.
JeevesMk2
Eggtravagant, eggordinary, eggcessive profits.
wagnus
This joke didn't go over easy
pikegrabber
It went down like a bad soufflé
UnitConversionBotButTerrible
You mean corporations dont have consumers best interest at heart?! Im shocked. shocked... well not that shocked
clanhannan
Egregious profits, you say?
INeedMoreGifMeMoreJustOneMore
Eggstract, you say?
dilliosaurus
Eggs-cellent
tehranosaurusrex
Eggsactly
transientmind
I don’t think we should get to laugh about this stuff unless it’s while we’re lighting a molotov.
iambutton812
They're deliberately eggcascerbating the problem.
certainlynotaserialkiller
thats a devilish good phun
HandoB4Javert
turkeydonkey
GET
subject6661
in, as a reward for the good pun
GravyEducation
YOLKED
TheElusiveEnchilada
RustyMcKraken
WallowsInMud
Yea, we have over 800 free range, organic rhode island red hybrids on our farm and we haven't needed to increase prices. When we heard 1/2
weidermeijer
This is the answer. Find a local that sells their eggs.
Mairoa
Yeah none of our local producers, even the ones that sell in grocery stores, have gone up. The flocks in our neighborhood look great still
WallowsInMud
From usda about avian flu a year ago we kept wild birds away from ours and didn't need to increase prices at all 2/2
Virus322
You missed the part where there were no cases of avian flu on any of their farms. They're just price gouging. It's all a lie to make more
Virus322
money.
CrazyCatLad
Saw a farmer on the news whining about having to switch to free range, costing $30/bird to do so. Animals should be free ranged, y'dolt.
WallowsInMud
The eggs taste better, especially in spring when the hens eat lots of bugs. The yolk becomes orange, from the protein I assume