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Wed Jan 25, 2023, 06:42 AM

Egg price spike prompts demands for price-gouging probe

Source: raw story





January 24, 2023 / 6:31 PM / CBS/AP

With egg prices more than doubling in the past year, calls are coming for an investigation into possible price gouging.

U.S. Sen. Jack Reed sent a letter Tuesday asking the Federal Trade Commission to investigate whether egg prices have been improperly manipulated by producers. A farmer-led advocacy group called Farm Action made a similar request last week arguing that there "appears to be a collusive scheme among industry leaders to turn inflationary conditions and an avian flu outbreak into an opportunity to extract egregious profits."

Egg prices have soared 60% in a year. Here's why.
Customs officials are seizing eggs at the U.S.-Mexico border

The spike in egg prices has been attributed to the millions of chickens that were slaughtered to limit the spread of bird flu and farmers having to compensate for inflation driving up their costs......................

Read more: https://www.cbsnews.com/news/egg-prices-price-gouging-senator-jack-reed-probe/







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Reply Egg price spike prompts demands for price-gouging probe (Original post)
riversedge Wednesday OP
KPN Wednesday #1
IronLionZion Wednesday #21
Lonestarblue Wednesday #2
True Blue American Wednesday #3
Delarage Wednesday #6
True Blue American Wednesday #14
Bristlecone Wednesday #19
True Blue American Wednesday #25
Bengus81 Wednesday #5
Bengus81 Wednesday #4
nightwing1240 Wednesday #7
Owl Wednesday #8
cstanleytech Wednesday #17
dalton99a 8 hrs ago #40
twodogsbarking Wednesday #9
radicalleft Wednesday #12
twodogsbarking Wednesday #13
radicalleft Wednesday #23
rickford66 Wednesday #10
IronLionZion Wednesday #22
Demsrule86 Wednesday #11
True Blue American Wednesday #16
cstanleytech Wednesday #15
Ferrets are Cool Wednesday #18
The Jungle 1 Wednesday #20
Bengus81 Wednesday #24
bucolic_frolic Wednesday #26
jaxexpat Wednesday #27
Pepsidog Wednesday #28
randr Wednesday #29
DownriverDem Wednesday #30
Mosby Wednesday #31
Warpy Wednesday #32
moose65 Wednesday #33
maddogesq Wednesday #35
moose65 Wednesday #36
Bayard Wednesday #34
keithbvadu2 Wednesday #37
oasis 9 hrs ago #38
tonekat 9 hrs ago #39

Response to riversedge (Original post)

Wed Jan 25, 2023, 06:50 AM

1. And here, I thought it was all just because

“hens aren’t laying”.

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Response to KPN (Reply #1)

Wed Jan 25, 2023, 08:50 AM

21. Nobody wants to work anymore

not even those lazy hens

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Response to riversedge (Original post)

Wed Jan 25, 2023, 07:12 AM

2. Gasoline prices have started sneaking up here in Texas--up 12 cents a gallon over last week.

I haven’t seen any reason for rises to increase other than another attempt toward predatory pricing. I guess since inflation has eased a bit, the oil companies will try to make it go up again.

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Response to Lonestarblue (Reply #2)

Wed Jan 25, 2023, 07:32 AM

3. Why are egg prices soaring, but chicken

Prices going back to normal? What is the difference?

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Response to True Blue American (Reply #3)

Wed Jan 25, 2023, 07:38 AM

6. I guess we know now

That the chicken came before the egg. In terms of prices, at least

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Response to Delarage (Reply #6)

Wed Jan 25, 2023, 08:27 AM

14. :)

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Response to True Blue American (Reply #3)

Wed Jan 25, 2023, 08:39 AM

19. Two different types of chickens: layers and fryers

Layers were hit harder by avian.

Still, egg profits have never been higher. It’s opportunistic gouging.

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Response to Bristlecone (Reply #19)

Wed Jan 25, 2023, 09:22 AM

25. Thanks

I am from the old school. My Dad’s chickens provided both, except the roosters.

That old rooster hated me for some reason. My Mom did not dare let me out in the back yard. That old rooster would go after me every time! I was 2 or 3! I think my Dad wrung his neck, but could not swear to that.

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Response to Lonestarblue (Reply #2)

Wed Jan 25, 2023, 07:33 AM

5. Quik Trip jacked the price 21 cents in two hours on Monday here in Wichita

More of the same BS gouging.........

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Response to riversedge (Original post)

Wed Jan 25, 2023, 07:32 AM

4. And when they get done with that GOUGING probe there's hundreds more...

Last edited Wed Jan 25, 2023, 09:00 AM - Edit history (1)

GREEDFLATION is all this is about,and all it has ever been about.

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Response to Bengus81 (Reply #4)

Wed Jan 25, 2023, 07:43 AM

7. Agree!

The price of soda pop was low back in the day and then there was a "sugar shortage". The price shot up and never came back down. Eggs are just the latest item. It has happened this way with lots of items beyond eggs and sugar.

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Response to Bengus81 (Reply #4)

Wed Jan 25, 2023, 07:52 AM

8. Yes gouging all around.

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Response to Bengus81 (Reply #4)

Wed Jan 25, 2023, 08:33 AM

17. Well that happens because the ones running the corporations care only about their shareholders

and the dividends especially because most of them also own said stock.

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Response to Bengus81 (Reply #4)

Thu Jan 26, 2023, 09:49 PM

40. +1

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Response to riversedge (Original post)

Wed Jan 25, 2023, 07:55 AM

9. Were $ 1.39 now $4.59. A 60% increase.

Y'all follow that.

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Response to twodogsbarking (Reply #9)

Wed Jan 25, 2023, 08:23 AM

12. Uhm...that's more like a 300% increase

check your math

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Response to radicalleft (Reply #12)

Wed Jan 25, 2023, 08:26 AM

13. It is government math. The government that keeps track of classified

documents and arrests former Presidents that try to overthrow the government.

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Response to twodogsbarking (Reply #13)

Wed Jan 25, 2023, 08:55 AM

23. LOL...good one

haha

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Response to riversedge (Original post)

Wed Jan 25, 2023, 07:57 AM

10. Eggs are treated like oil

Years ago someone told me his father was in a business that sold produce etc and eggs can be kept for quite some time. Thus the supply can be controlled much like OPEC controls oil prices. True or not, all I can say is what he told me.

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Response to rickford66 (Reply #10)

Wed Jan 25, 2023, 08:55 AM

22. If cleaned and stored properly, eggs can last about 6 weeks

so not quite like oil or diamonds or precious metals, which really are run by cartels colluding to keep prices high.

There is plenty of competition in the egg market. My coworker has over 100 egg laying hens with 0 avian flu cases. There are egg farms everywhere. Some were hit harder than others with avian flu.

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Response to riversedge (Original post)

Wed Jan 25, 2023, 08:23 AM

11. Eggs are down here in Northeast Ohio...3.49 at Giant Eagle which last week was higher

and Sams and Aldi are even lower.

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Response to Demsrule86 (Reply #11)

Wed Jan 25, 2023, 08:29 AM

16. Southwest

Kroger had a coupon. $2.49

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Response to riversedge (Original post)

Wed Jan 25, 2023, 08:27 AM

15. Eggs in my area have been plentiful and there have been zero shortages in my area at all.

That alone causes me to question the spike in egg prices with the excuse that there is "shortage" of eggs.

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Response to riversedge (Original post)

Wed Jan 25, 2023, 08:37 AM

18. Hey Sen Reed, IT AIN'T JUST EGGS!!

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Response to riversedge (Original post)

Wed Jan 25, 2023, 08:39 AM

20. Republicans allow oil companies to gouge us all the time.

No way will they stop egg price gouging.

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Response to riversedge (Original post)

Wed Jan 25, 2023, 08:59 AM

24. If people would boycott eggs for two weeks all this bullshit would end

But they won't and that industry knows it.

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Response to riversedge (Original post)

Wed Jan 25, 2023, 09:22 AM

26. 60%? More like 500%

Though I did feel lucky today to grab a dozen Mediums at $2.99. Lowest in about 6-8 weeks.

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Response to riversedge (Original post)

Wed Jan 25, 2023, 09:27 AM

27. Inflation is ALWAYS code for profit maintenance or increase.

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Response to riversedge (Original post)

Wed Jan 25, 2023, 09:35 AM

28. Where is Teddy Roosevelt when you need him? Any TR's in waiting in the Dem party?

G

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Response to riversedge (Original post)

Wed Jan 25, 2023, 11:16 AM

29. Eggs are an important source of Protein and the cheapest

I raise chickens, have for years. We feed organic grain and supply our hens with a very comfortable life. If I were to charge .50 and egg we would still be losing money. A .50 cent egg would still be a bargain when compared to other protein sources.
The only way the price of eggs is able to stay so low is by treating chickens as factories.

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Response to riversedge (Original post)

Wed Jan 25, 2023, 11:20 AM

30. It's due to a virus

Many hens died and others had to be put down.

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Response to DownriverDem (Reply #30)

Wed Jan 25, 2023, 11:50 AM

31. Egg producers profits have soared.

And production only went down 6-9% due to the bird flu. They saw an opportunity to price gouge and they did, and continue to do so.

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Response to riversedge (Original post)

Wed Jan 25, 2023, 11:55 AM

32. I live in a state where eggs are still cheap protein

Worst hit states are CA, HI and WA. IL is the cheapest state.

There are 3 things affecting prices: massive culls of sick birds due to a bad bird flu; decreased production because this is the lowest production time of the year; and increased demand because wages have gone up enough for marginal workers to afford them.

Prices will start to drop by March, when hens start laying again and the bird flu crisis is over (I hope). There's no way any progressive would want wages dropped back below subsistence, right? Demand will stay up.

Even the freeze dried granulated eggs used by backpackers are expensive now. I'm not fond of eggs by themselves, so I use these for baking and they work fine.

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Response to riversedge (Original post)

Wed Jan 25, 2023, 12:05 PM

33. I knew it!

This is all a scheme by Big Egg!!!

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Response to moose65 (Reply #33)

Wed Jan 25, 2023, 03:48 PM

35. Yesterday on Morning Joe I heard Mika draw groans when...

she said the high price of eggs is the “result of fowl play.”😎

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Response to maddogesq (Reply #35)

Wed Jan 25, 2023, 04:20 PM

36. Haha

I feel certain there is a joke somewhere about a Fox (News) in the hen house........

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Response to riversedge (Original post)

Wed Jan 25, 2023, 01:11 PM

34. Our girls are just starting to lay 4-5 a day

With more daylight hours.

But winter production should not be seasonally affected in the big operations. Mr. Bayard used to do electrical work for those companies. Big industrial lighting from 6 am to 6 pm.

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Response to riversedge (Original post)

Wed Jan 25, 2023, 04:28 PM

37. Easter potatoes

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Response to riversedge (Original post)

Thu Jan 26, 2023, 09:37 PM

38. Investigation necessary. nt

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Response to riversedge (Original post)

Thu Jan 26, 2023, 09:41 PM

39. May as well go to a farm

and get a dozen eggs in those pretty colors!

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