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NHFI t1_jcfp9jq wrote

Reply to comment by ThePhilosofyzr in [OC] The price of a dozen large eggs in the U.S., 2019-2023 by gridnews

Considering egg companies posted obscene record profits thats just the lie they use to jack the price up higher than needed

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ThePhilosofyzr t1_jcg0i6v wrote

Do you have any hollandaise? (a source)

Not contesting, as it's easy to believe that the mix of 'soft-flation' & actual restriction of production led to outrageous price gouging for consumers, but I haven't read or heard about egg distributors raking in profits above & beyond usual.

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NHFI t1_jcg1tts wrote

Totally fair. Some companies profits are up 40-60% despite saying it's the flu causing price rises. "Cal-Maine's profit increased 65% to $198 million during the three months ended Nov. 26 from a year ago."https://www.cnn.com/2023/01/13/business/egg-prices-cal-maine-foods/index.html

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aftpanda2u t1_jcgt3aa wrote

Wasn't Cal-Maine the ones telling their investors their chickens weren't actually affected at all by the flu and they just jacked up prices because they could?

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NHFI t1_jcgvmk9 wrote

Correct. 0 avian flu cases at their facilities. Prices jacked up in some cases 100-200% from the previous year with essentially 0 purpose other than they could

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