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tacoloco2323 t1_j52t1k5 wrote

Reply to comment by jaweit in What is going on with egg prices? by [deleted]

This is not the case. Bird flu did have an impact on the amount of eggs available. The largest egg producer in the US posted an increase in profits of 68%. Its an increase of profits, not inflation. It’s corporate greed using the mask of the bird flu.

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Miriam_W t1_j541g0t wrote

No. There is a serious avian flu and they have to destroy thousands if not millions of chickens and it's not easy burying them. Check with the CDC: https://www.cdc.gov/flu/avianflu/avian-flu-summary.htm

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eljefino t1_j52xnrd wrote

Well if there's a shortage then yes the profits will be higher. Basic economics. I anticipate these egg farmers are trying like hell to get more chickens of laying age up and running while prices are still high.

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Fluffheady t1_j53buyn wrote

How does this make any sense? You can't just say "basic economics" and walk away.

There is a shortage. If prices increase to a "reasonable" level, profits remain the same even if prices increase. There are less eggs to be sold, so you increase prices to compensate for lower overall sales / lower supply. If you increase profits beyond a pre-shortage level, that means you are jacking up prices well beyond what they would actually need to be to "weather the storm" of bird flu.

It's because of corporate greed and oligopolistic practices.

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tacoloco2323 t1_j53fnuv wrote

Thank Fluffyheady, your exactly right. The increase in price due to the shortage was factually measured to equal less than a 25 cent increase not more than double.

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