FWIW, It seems the crazy egg prices aren't as bad for organic/cage free/whatever. BJ's right now, store brand 5 dozen is $22 or 36.7 cents/egg. Egglands Best Cage Free is $8 for 24, or 33.3 cents/egg. Free range store brand brown eggs are $7 for 24, 29.2 cents/egg.
Are we able to reserve online to ensure stock availability?
How sad that EGGS make it to SD 😒
Sign up for a Slickdeals account to remove this ad.
if what you are saying is true..isnt the artificial price increase the illigal practice of price fixing or price collusion? How come the feds are not investigating ?
It is true. There are articles on the web stating the price they sell eggs to Walmart. Straight from Cal-Maine's own reporting "Conventional egg net average selling price per dozen increased to $2.883 compared with $1.151 a year ago Largest customers are Wal-Mart and Sam's Club.
But Cal-Maine, even though profits are up 110%, their stock is not rising because Wall Street wants more. They want earnings in the high $4's range and they missed. I suspect the "avian flu" will be with us for as long as Covid has been still hanging on. It must be hard for them dealing with the Walton's because they won't pay.
I did notice eggs are piling up at the store (no markdowns or sales) and the exp. date are a week out when they used to be 2-3 weeks out.
Watch expiration dates on your eggs people! They will be trying to sell old eggs for a high price.
As for the lack of investigation, this seems like when gas goes up they blame "refinery maintenance/shutdown". It's hard for the public to prove and they get their money that way. It's a story the public will "buy" so they stick with the narrative. "Avian flu" sounds alot like "long Covid" to me.
And just so people know, the Walton's get a lot of stuff for really cheap and don't pass the savings on. How do you think Nancy gets a new yacht every other year?
prop 12 passed in 2018 but didn't become law until early 2022. Then there was the usual lawsuits filed to hold up enforcement so in reality, California wasn't really cage free until July 2022 when the last of the lawsuits were ruled on. The proposition passing back in 2018 should have given egg producers plenty of time to prepare but the recent price surge is evidence that they were not prepared
The most alarming thing isn't egg prices, it's how little people appear to understand commodity markets and microeconomics, as I see lots of people blaming the economy or inflation for some reason in this thread.
A simplistic refresher:
Sudden Disruption (eg weather, disease, war, recall, etc) to a given commodity (eggs, oranges, wheat, cattle, oil, metals, etc) = Less supply of given commodity
Free markets set the price based on demand, except where regulation is a factor (eg price floors and price caps)
More demand than supply = prices rise to the point demand ebbs (eg. eggs during this avian flu outbreak, OJ after a hard freeze in FL, oil during the Russia/Ukraine war, Taylor Swift concert tickets)
More supply than demand = prices fall to the point demand increases (eg oil during the pandemic, tickets to [insert crappy sports team] during a losing streak)
The most alarming thing isn't egg prices, it's how little people appear to understand commodity markets and microeconomics, as I see lots of people blaming the economy or inflation for some reason in this thread.
A simplistic refresher:
Sudden Disruption (eg weather, disease, war, recall, etc) to a given commodity (eggs, oranges, wheat, cattle, oil, metals, etc) = Less supply of given commodity
Free markets set the price based on demand, except where regulation is a factor (eg price floors and price caps)
More demand than supply = prices rise to the point demand ebbs (eg. eggs during this avian flu outbreak, OJ after a hard freeze in FL, oil during the Russia/Ukraine war)
More supply than demand = prices fall to the point demand increases (eg oil during the pandemic, tickets to [insert crappy sports team] during a losing streak)
I know you wrote that to make yourself feel and look smart, because apparently you have been living under a rock for the last two years.
437 Comments
Your comment cannot be blank.
Featured Comments
Sign up for a Slickdeals account to remove this ad.
https://www.wholefoodsm
@Aldi
and
eggs arn't good for you when they are over $3.00 a dozen.
fell free to quote me.
:-D
It is true. There are articles on the web stating the price they sell eggs to Walmart. Straight from Cal-Maine's own reporting "Conventional egg net average selling price per dozen increased to $2.883 compared with $1.151 a year ago Largest customers are Wal-Mart and Sam's Club.
But Cal-Maine, even though profits are up 110%, their stock is not rising because Wall Street wants more. They want earnings in the high $4's range and they missed. I suspect the "avian flu" will be with us for as long as Covid has been still hanging on. It must be hard for them dealing with the Walton's because they won't pay.
I did notice eggs are piling up at the store (no markdowns or sales) and the exp. date are a week out when they used to be 2-3 weeks out.
Watch expiration dates on your eggs people! They will be trying to sell old eggs for a high price.
As for the lack of investigation, this seems like when gas goes up they blame "refinery maintenance/shutdown". It's hard for the public to prove and they get their money that way. It's a story the public will "buy" so they stick with the narrative. "Avian flu" sounds alot like "long Covid" to me.
And just so people know, the Walton's get a lot of stuff for really cheap and don't pass the savings on. How do you think Nancy gets a new yacht every other year?
What? Dang it. I was in store and saw $7 for 18 which I get since I hard boil 12 and almost fainted.
Sign up for a Slickdeals account to remove this ad.
Earth's golden goods
Wrong. CA has had cage free eggs for years.
A simplistic refresher:
Sudden Disruption (eg weather, disease, war, recall, etc) to a given commodity (eggs, oranges, wheat, cattle, oil, metals, etc) = Less supply of given commodity
Free markets set the price based on demand, except where regulation is a factor (eg price floors and price caps)
More demand than supply = prices rise to the point demand ebbs (eg. eggs during this avian flu outbreak, OJ after a hard freeze in FL, oil during the Russia/Ukraine war, Taylor Swift concert tickets)
More supply than demand = prices fall to the point demand increases (eg oil during the pandemic, tickets to [insert crappy sports team] during a losing streak)
A simplistic refresher:
Sudden Disruption (eg weather, disease, war, recall, etc) to a given commodity (eggs, oranges, wheat, cattle, oil, metals, etc) = Less supply of given commodity
Free markets set the price based on demand, except where regulation is a factor (eg price floors and price caps)
More demand than supply = prices rise to the point demand ebbs (eg. eggs during this avian flu outbreak, OJ after a hard freeze in FL, oil during the Russia/Ukraine war)
More supply than demand = prices fall to the point demand increases (eg oil during the pandemic, tickets to [insert crappy sports team] during a losing streak)
This isn't microeconomics, it is MACROeconomics
Sign up for a Slickdeals account to remove this ad.