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

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.

    • Dr. Moose@lemmy.world
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      1 day ago

      It entirely depends on your infrastructure. I was house sitting a large estate once that basically had 0 upkeep costs for their chicken as they’d go and find most of their own food and there were no natural predators nearby. It was literally free eggs sort of deal.

      People who have rice fields for example have 0 upkeep ducks that just go to the field and eat all of the critters there so not only you get free eggs and duck your rice maintenance is easier!