241
submitted 2 weeks ago by RandAlThor@lemmy.ca to c/news@lemmy.world
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[-] the_q@lemm.ee 47 points 2 weeks ago

Why would prices decrease when Americans time and time again show that we will just bend over and take whatever our corporate overlords dish out.

[-] SnotFlickerman@lemmy.blahaj.zone 15 points 2 weeks ago* (last edited 2 weeks ago)

Literally have had little old people spending tons of gas money driving all over town looking for eggs when you couldn't find them. It was bonkers. Nobody needs eggs that badly, but they were willing to waste half the day just to get some at all, not even cheap.

Indeed, just bending over and taking it. Even lubing themselves up first, with this kind of behavior. Like the entire economy is a fucking Findom and all the consumers are Finsubs throwing their money at the Findom.

[-] Freshparsnip@lemm.ee 1 points 2 weeks ago

As someone who doesn't like eggs, I'm baffled. I've never purchased an egg in my life. There are many delicious things to eat without them. If they're so unreasonably expensive, it shouldn't be hard for the average person to just do without them.

[-] GuyFawkes@midwest.social 35 points 2 weeks ago

So the two takeaways from this article are:

  1. Trump is full of shit, and
  2. Corporations are greedy and won’t lower prices despite lower costs - they need something to push them.
[-] FenrirIII@lemmy.world 3 points 2 weeks ago

So, two things we already knew

[-] Fingolfinz@lemmy.world 14 points 2 weeks ago

It won’t matter to magats cos eggs was their front to avoid admitting that they are racist and sexist

[-] expatriado@lemmy.world 9 points 2 weeks ago

"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

[-] SeeMarkFly@lemmy.ml 6 points 2 weeks ago

Adjudicated rapist (inmate #P01135809) who is formerly known as the former presidential placeholder but is now currently known as the current presidential placeholder says: "Shut up about egg prices."

"I'm busy retaliating against the retaliations."

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

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.

[-] Spookyghost@sh.itjust.works 6 points 2 weeks ago

The issue is that we are still getting the same factory farm, low quality, bleach washed $1 eggs at ridiculous and obvious collusion pricing.

[-] Buffalox@lemmy.world 2 points 2 weeks ago

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.

[-] Spookyghost@sh.itjust.works 1 points 2 weeks ago

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.

[-] cattywampas@lemm.ee 5 points 2 weeks ago

This article is talking about month-old data. Egg prices have been dropping over the past few weeks and should continue to do so.

U.S. egg prices did began [sic] falling in mid-March, according to Datasembly, a market research company that tracks prices at thousands of stores. Datasembly said eggs averaged $5.98 per dozen the week beginning March 16 and dropped to $5.51 the week beginning March 30.

[-] finitebanjo@lemmy.world 1 points 2 weeks ago* (last edited 2 weeks ago)

Yeah I was going to say the peak was definitely more than just $6 before the decline.

[-] hark@lemmy.world 5 points 2 weeks ago

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.

[-] booly@sh.itjust.works 0 points 2 weeks ago

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.

[-] griff@lemmings.world 4 points 2 weeks ago

“He’s the Holy Prophet…He is not, nor ever was, The Eggman…”

this post was submitted on 10 Apr 2025
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