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(The Takeout)   Egg prices predicted to soon drop from an arm and a leg to a wing and a drumstick   (thetakeout.com) divider line
    More: Spiffy, Bird, Grocery store, Salad, Disease, Agriculture, Iowa State University, Science, Avian influenza  
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656 clicks; posted to Business » on 07 Feb 2023 at 4:05 PM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



30 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2023-02-07 4:06:43 PM  
I don't think paying what we're paying for eggs is going to break the bank. Yeah, they are more expensive than ever before but on the other hand how many damn eggs does one eat in a week?!
 
2023-02-07 4:17:29 PM  

MelGoesOnTour: I don't think paying what we're paying for eggs is going to break the bank. Yeah, they are more expensive than ever before but on the other hand how many damn eggs does one eat in a week?!


With pints of ale running $6-7, paying $5 for a week's worth (18) of eggs is still a deal. Only once since this round of bird flu started has my local Winco been without eggs and Costco had plenty.
 
2023-02-07 4:18:02 PM  

MelGoesOnTour: I don't think paying what we're paying for eggs is going to break the bank. Yeah, they are more expensive than ever before but on the other hand how many damn eggs does one eat in a week?!


Between my wife and her mother (staying with us for 2 months), they go through at least 18 each week.
 
2023-02-07 4:18:33 PM  
I eat 73 eggs per week.  Thanks to Joe Inflation, I'm paying over $200 a month for eggs.  I used to spend that money on candles, but now I cannot afford the candles.
 
2023-02-07 4:22:37 PM  

MelGoesOnTour: I don't think paying what we're paying for eggs is going to break the bank. Yeah, they are more expensive than ever before but on the other hand how many damn eggs does one eat in a week?!


Its more symbolic, I think. Eggs were a very inexpensive source of healthy protein.
 
2023-02-07 4:29:22 PM  
There was a change in public opinion, that's all. What came first, the chicken of the egg? People used to think it was the egg, but now the chicken. Just a change in the trends.
 
2023-02-07 4:38:02 PM  
Was it only bulk-tier eggs that went up in price?  Or was this thing localized?

In Norcal, I've been paying $6.99 for the same brand of pasture raised eggs (Happy Eggs) for a couple of years now.
 
2023-02-07 4:47:35 PM  
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40 cents for an egg???  That's outrageous!  People can't afford to eat anything healthy!

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$4 for "death in a bag"?  What a great deal!
 
2023-02-07 4:50:51 PM  
Saw a car dealership offering a dozen eggs with every new car. I'm hoping that they haven't left the eggs IN the car...
 
2023-02-07 4:57:28 PM  
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2023-02-07 5:17:58 PM  

MelGoesOnTour: I don't think paying what we're paying for eggs is going to break the bank. Yeah, they are more expensive than ever before but on the other hand how many damn eggs does one eat in a week?!


Eat them? No, I throw them at people's houses and cars.
 
2023-02-07 5:27:53 PM  

MelGoesOnTour: I don't think paying what we're paying for eggs is going to break the bank. Yeah, they are more expensive than ever before but on the other hand how many damn eggs does one eat in a week?!


Yeah, I keep seeing memes and videos going around on social media about 'ZOMG, 5 dozen eggs are so expensive now!' and I'm thinking 'Who the hell buys eggs 5 dozen at a time?!'  (Obviously diners and such would, I'm talking regular people here)

But yeah, hens are slowly starting to come back, so prices are slowly starting to fall.

Pretty sure the culling reached its peak in October, so expect prices to get relatively close to what they were in April.

I'm sure once prices start going down everyone is going to start hoarding eggs for a while, which will cause it to just go up again.

But after people get THAT out of their system... expect prices to be near what they were before all this happened.
 
2023-02-07 6:19:10 PM  
Paid $7 for 24 at my San Diego Costco this morning. Got one of the last 4 cartons from a giant pallet.
 
2023-02-07 6:21:46 PM  
I guess Walmart kept their prices down somewhat, because they've been selling different varieties of eggs for between $3 and $7 for months now, maybe having gone up around 10 percent from what they regularly were (based on my memory, of course)

But I have seen the inflated prices at other places, and even then it's still only like $5 for a dozen. This is like gas stoves or Chinese spy balloons - a lot of political hay made from virtually nothing because it's all they've got.
 
2023-02-07 6:25:39 PM  

OptionC: Was it only bulk-tier eggs that went up in price? Or was this thing localized?

In Norcal, I've been paying $6.99 for the same brand of pasture raised eggs (Happy Eggs) for a couple of years now.


Stores had been using eggs as loss-leaders for quite some time. They couldn't afford to keep doing that.

Premium eggs had a bit more flexibility in their pricing. Their prices had dropped a bit over the years as new suppliers came on line and competition increased. Here's a Planet Money episode about how the Bureau of Labor Statistics measurement of inflation actually underestimated inflation impact on lower income people.

"
[NPR Host Adrian] MA: And so more companies were sprouting up to compete for the dollars of these affluent consumers. Xavier says that was less the case for the less premium products. So an example he gives from his research is that in 2004, the cost of organic spinach was 60% higher than the regular stuff. But a decade later, that difference in price shrank to just 7%.
[NPR Host Wailan] WONG: So the price of fancy spinach went down at the same time that the price of non-fancy spinach went up.
MA: Exactly. And for this reason, Xavier says the consumer price index actually underestimates inflation's impact on people with low incomes."
 
2023-02-07 6:34:53 PM  
"It's also likely that we'll never really see bargain-bin prices for eggs anymore, even after poultry populations recover. Inflation is still an ongoing issue, so baseline prices are still likely to be higher than we all remember from the good ol' days (remember a dollar a dozen, anyone?)."

It's not inflation. It's corporate greed.
 
2023-02-07 7:40:47 PM  
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2023-02-07 7:52:30 PM  
Somehow, it's Biden's fault the chickens were stricken with avian flu and died.

Either that, or the oil companies are somehow profiting from this.
 
2023-02-07 8:03:47 PM  

MelGoesOnTour: I don't think paying what we're paying for eggs is going to break the bank. Yeah, they are more expensive than ever before but on the other hand how many damn eggs does one eat in a week?!


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He can eat 50 eggs in one hour.

You do the math.
 
2023-02-07 8:51:14 PM  

MelGoesOnTour: I don't think paying what we're paying for eggs is going to break the bank. Yeah, they are more expensive than ever before but on the other hand how many damn eggs does one eat in a week?!


Ma and Pop diners? Other restaurants?

I mean, maybe MelGoesOnTour's household is fine and that's all you can think about, but it has an impact on others.
 
2023-02-07 8:55:00 PM  

MelGoesOnTour: I don't think paying what we're paying for eggs is going to break the bank. Yeah, they are more expensive than ever before but on the other hand how many damn eggs does one eat in a week?!


It's not about the eggs. It's about finding the thing that practically everyone buys on a regular basis that's increased in cost the most. By focusing on the worst cost increases that everyone normally buys you can warp perception of how bad inflation is to serve your own ends, typically political, by blaming the increase solely on the evils of your opponent.

If it wasn't eggs, it would be milk, or bread, or corn, or beef, or pork, or potatoes, or lettuce, or tomatoes, or beer. The product itself ultimately doesn't matter, just that it's increased in cost more than anything else so that you can use it as anchor point for all inflation to drive the narrative that the opposing party is costing everyone money so vote Republican so we can cut government programs that help the poor and cut rich peoples taxes again because surely that'll help the average man.
 
2023-02-07 9:06:45 PM  

natazha: MelGoesOnTour: I don't think paying what we're paying for eggs is going to break the bank. Yeah, they are more expensive than ever before but on the other hand how many damn eggs does one eat in a week?!

With pints of ale running $6-7, paying $5 for a week's worth (18) of eggs is still a deal. Only once since this round of bird flu started has my local Winco been without eggs and Costco had plenty.


When you buy a pint in a bar, you're paying more for the bar than for the beer.

When you buy an egg in the grocery store, you don't get ambiance and space and dishwashers with it.
 
2023-02-07 9:07:48 PM  

keldaria: MelGoesOnTour: I don't think paying what we're paying for eggs is going to break the bank. Yeah, they are more expensive than ever before but on the other hand how many damn eggs does one eat in a week?!

It's not about the eggs. It's about finding the thing that practically everyone buys on a regular basis that's increased in cost the most. By focusing on the worst cost increases that everyone normally buys you can warp perception of how bad inflation is to serve your own ends, typically political, by blaming the increase solely on the evils of your opponent.

If it wasn't eggs, it would be milk, or bread, or corn, or beef, or pork, or potatoes, or lettuce, or tomatoes, or beer. The product itself ultimately doesn't matter, just that it's increased in cost more than anything else so that you can use it as anchor point for all inflation to drive the narrative that the opposing party is costing everyone money so vote Republican so we can cut government programs that help the poor and cut rich peoples taxes again because surely that'll help the average man.


I absolutely agree. These days, things suck.
 
2023-02-07 10:51:44 PM  

jake3988: MelGoesOnTour: I don't think paying what we're paying for eggs is going to break the bank. Yeah, they are more expensive than ever before but on the other hand how many damn eggs does one eat in a week?!

Yeah, I keep seeing memes and videos going around on social media about 'ZOMG, 5 dozen eggs are so expensive now!' and I'm thinking 'Who the hell buys eggs 5 dozen at a time?!'  (Obviously diners and such would, I'm talking regular people here)


My neighbors have three kids. I think they buy two of the 5 dozen packs from Costco on a regular basis.

The last time I was at Costco with my daughter, the only eggs they had were the 5 dozen packs. I split one with her.
 
2023-02-08 12:01:31 AM  

gietmay: The last time I was at Costco with my daughter, the only eggs they had were the 5 dozen packs. I split one with her.


But then what did you have for dessert?
 
2023-02-08 12:14:23 AM  

majestic: MelGoesOnTour: I don't think paying what we're paying for eggs is going to break the bank. Yeah, they are more expensive than ever before but on the other hand how many damn eggs does one eat in a week?!

Between my wife and her mother (staying with us for 2 months), they go through at least 18 each week.


Jesus, have you considered leaving?
 
2023-02-08 8:15:51 AM  

DoughyGuy: I guess Walmart kept their prices down somewhat, because they've been selling different varieties of eggs for between $3 and $7 for months now, maybe having gone up around 10 percent from what they regularly were (based on my memory, of course)

But I have seen the inflated prices at other places, and even then it's still only like $5 for a dozen. This is like gas stoves or Chinese spy balloons - a lot of political hay made from virtually nothing because it's all they've got.


I'm one person and I only ever buy eggs to make brownies... so I buy a half-dozen eggs.

A few years ago they were 69 cents.  Early last year they were 99 cents.  Now they're $4.  That's... a lot.  Granted, the half-dozen is going to be the most expensive per unit, buying in bulk is way cheaper.

It shouldn't really be breaking anyone's bank, eggs have always been something that's dirt cheap and MOST people don't exactly eat them by the bucketful, but it's not like it isn't significant.
 
2023-02-08 8:25:29 AM  
Yeah that whole 40 cents an egg was just brutal...
 
2023-02-08 10:09:49 AM  

DuneClimber: Somehow, it's Biden's fault the chickens were stricken with avian flu and died.

Either that, or the oil companies are somehow profiting from this.


The current Department of Agriculture is Biden's*.
 
2023-02-08 10:29:09 AM  

MelGoesOnTour: I don't think paying what we're paying for eggs is going to break the bank. Yeah, they are more expensive than ever before but on the other hand how many damn eggs does one eat in a week?!


Eggs are what we in the culinary sciences refer to as "an ingredient." That means you can use eggs to make other foods, like pasta, or baked goods.
 
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