this post was submitted on 04 Mar 2025
385 points (99.2% liked)

News

27108 readers
8303 users here now

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.

2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.

3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.

4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.

5. Only recent news is allowed.

Posts must be news from the most recent 30 days.

6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.

7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.

8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.

9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.

10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
rjc@lemmy.world
Thekingoflorda@lemmy.world
Tenthrow@lemmy.world
JonsJava@lemmy.world
gedaliyah@lemmy.world
little_cow@lemmy.world
jeffw@lemmy.world
enu@lemmy.world
WrenFeathers@lemmy.world
385
$5 a dozen: major egg companies may be using avian flu to hike US prices, new report finds (www.theguardian.com)
submitted 1 week ago by MicroWave@lemmy.world to c/news@lemmy.world
53 comments fedilink hide all child comments
 

Summary

Major egg corporations may be using avian flu as a ruse to hike up prices, generating record profits while hurting American consumers, new research suggests.

  • Egg prices soared to nearly $5 a dozen, rising 157% since before the avian flu outbreak, despite only a 9% drop in laying hens.

  • Cal-Maine, controlling 20% of the US market, saw a sevenfold profit increase in 2023 compared to 2021.

  • Over 166 million poultry have been culled, but critics say consolidation and slow flock replacement may inflate prices beyond the virus’s 12-24% direct cost.

Lawmakers urge investigations, while the Trump administration plans vaccines, reduced culling, and a $1bn avian flu fund to help stabilize costs.

top 50 comments
sorted by: hot top controversial new old
[–] vk6flab@lemmy.radio 100 points 1 week ago (1 children)

What, price gouging, on eggs? What will they think of next, toilet paper? No wait, I bet they haven't thought of making the package look the same, but put less product in it and charging the same? No wait, what if they changed the package and put less in it and charged more?

Nah .. that will never work.

[–] Boddhisatva@lemmy.world 26 points 1 week ago (3 children)

No wait, what if they changed the package and put less in it and charged more?

I was shopping a few weeks ago and noticed that every single package said something like '5 times as much as a standard roll' or 10 times or 20 times. Nothing said it was a standard roll. Some quick math told me that they all have their own definition of what a standard roll is too.

[–] HikingVet@lemmy.ca 21 points 1 week ago

Toilet paper math is the worst math.

[–] vk6flab@lemmy.radio 9 points 1 week ago (1 children)

For shits and giggles, check out the dimensions of a sheet.

[–] nick@midwest.social 5 points 1 week ago

Nice, Shits and giggles

[–] Sabin10@lemmy.world 6 points 1 week ago (1 children)

I've noticed that 2x rolls of toilet paper usually have the most sheets per roll. 3x rolls tend to lean in to the fact that they are 3 play and use a standard 1 ply roll as their base point so they have the same sheet count. 2x rolls seem to use a standard 2 ply roll as their base so the standard roll is the same sheet count as a 1 ply roll but actually has close to double the sheet count of the 3x rolls. It's weird.

[–] Maeve@midwest.social 3 points 1 week ago

I usually look at square feet.

[–] Stern@lemmy.world 49 points 1 week ago

Capitalism functioning as expected. Shocking.

[–] Raiderkev@lemmy.world 28 points 1 week ago

They were caught doing it the last time bird flu was a thing. Trump then fired the people who caught them, so, good luck

[–] Monstrosity@lemm.ee 28 points 1 week ago

Don't worry everyone, the Consumer Protection Agency will take care of...

Oh, nvmd.

[–] Buffalox@lemmy.world 23 points 1 week ago* (last edited 1 week ago) (4 children)

They can hike prices as much as they want, there is nothing illegal or even wrong (arguably) about that. As long as people buy enough for it to increase profits, it's obvious they will do that. That's the reason free competition is important. Free as in preventing monopolies and cartels.
But Americans have lost interest in free competition, and prefer models that maximize profits now.

[–] BlueLineBae@midwest.social 15 points 1 week ago (2 children)

They may actually be hurting themselves in the long run. The amount of people I know that have decided to get chickens since the pandemic has increased far more than I ever expected it would. And if you've ever had your own chickens before, you know that there's plenty to go around and you share with friends and neighbors. So not only are they permanently losing more customers to people getting chickens, they're also losing customers to friends of people that have chickens. Plus all these people are getting much higher quality eggs from happy chickens, so why would they ever go back? I know not everyone can, but, the more people that start raising chickens the better!

[–] Buffalox@lemmy.world 8 points 1 week ago (2 children)

Hopefully some of those that get chickens, figure they might as well have more chickens now they are at it anyway, and begin to supply to local supermarkets too.

[–] IamSparticles@lemmy.zip 4 points 1 week ago

If they want to sell commercially they have to meet a bunch of regulations at the state and federal level that will likely make their eggs prohibitively expensive at that scale. Most people I know that have enough chickens to consider selling the eggs just put up a roadside stand or use word-of-mouth advertising to get customers. Anything more and they run the risk of getting smacked down by USDA or FDA or even state regulators.

[–] BlueLineBae@midwest.social 3 points 1 week ago

I hadn't thought about it, but that would truly be the ideal situation. Imagine going to the store and all the eggs are from local's extra stock. I know it couldn't currently happen that way based on what regulations allow, but I can certainly imagine.

[–] CosmicTurtle0@lemmy.dbzer0.com 4 points 1 week ago (1 children)

I've looked into raising chickens. There is so much that goes into it. Between their coop and bedding, cleaning and feed, the upfront cost alone is cost prohibitive. On top of that, everything wants to eat chickens. So if you have any predators (foxes, wolves, even dogs), they'll go after your chickens.

The egg prices have me seriously reconsidering it though

[–] BlueLineBae@midwest.social 3 points 1 week ago

The fact that the upfront cost can be prohibitive and actual effort is involved but people are still doing it should tell you just how bad things have gotten. Plus, the more people that do it, the more they can teach others and help them out. I know people who got chickens after a neighbor got chickens and they saw how beneficial it was and if their neighbors can do it they certainly could as well.

[–] explodicle@sh.itjust.works 11 points 1 week ago

It's amazing in hindsight just how much of our capitalist free market was just a show to compete with the Soviet Union. Now our biggest rivals are both just corrupt oligarchies too.

Something big is due for a change.

[–] spankmonkey@lemmy.world 6 points 1 week ago (1 children)

They can hike prices as much as they want, there is nothing illegal or even wrong (arguably) about that.

In the US there are exceptions to the charge anything standard, such as limitations on gouging on gas pricing during emergencies and laws against companies colliding on price hikes. The protections kick in when customers don't have a choice, and it is possible that all egg companies raising prices to seek profits while blaming something that has far less of an effect than the prices indicate could potentially fall into one of those two categories.

Not that it matters as the penalties are always far less than the abuse, but pricing in the US isn't a complete wild west.

[–] Buffalox@lemmy.world 2 points 1 week ago (1 children)

Chicken egg shortage is not an emergency. gas is irreplaceable for transport, eggs are not irreplaceable for food.

[–] spankmonkey@lemmy.world 4 points 1 week ago

gas is irreplaceable for transport

Bicycles, walking.

People who hoarded toilet paper and hand sanitizer were punished despite soap and water existing.

https://www.today.com/news/brothers-who-hoarded-17-700-bottles-hand-sanitizer-forced-donate-t176028

[–] eatCasserole@lemmy.world 3 points 1 week ago

What do you think these companies were freely competing for? It's profits. It has always been profits.

Cartels and monopolies are what happens when you have "free competition" for a bit, and then someone "wins" the competition.

[–] cybersin@lemm.ee 18 points 1 week ago (1 children)

Wow, this is truly unprecedented. We haven't ever seen anything like this before!

[–] andrewta@lemmy.world 5 points 1 week ago

Shocking I tell you. Shocking. 😮

[–] SoftestSapphic@lemmy.world 18 points 1 week ago

Too bad price gouging isn't prosecuted anymore.

[–] davad@lemmy.world 15 points 1 week ago

Shocked Pikachu face.

[–] JoMiran@lemmy.ml 12 points 1 week ago

$5/dozen is pretty good compared to most prices I've seen.

[–] Thteven@lemmy.world 9 points 1 week ago (1 children)

They're $11 in southern California.

[–] doingthestuff@lemy.lol 5 points 1 week ago* (last edited 1 week ago) (1 children)

I saw $10 at my regular store in Ohio last week. The same was $2 three years ago. That wasn't even good "free range" eggs although I don't believe that marketing. Backyard chickens are where it is at.

[–] NOPper@lemmy.dbzer0.com 2 points 1 week ago

$11 in Western WA state too.

[–] hark@lemmy.world 9 points 1 week ago

This is why I refuse to buy eggs until prices go down to normal. I'm not going to reward them for taking advantage.

[–] return2ozma@lemmy.world 9 points 1 week ago (4 children)

$5?! Where?! They're $9.99 here in Los Angeles. :(

[–] KaRunChiy@fedia.io 3 points 1 week ago

6.79 out here in rural nebraska, they were 3.50 a month ago

[–] mysteriouswineglass@lemm.ee 3 points 1 week ago

$16.49 in Brooklyn yesterday

[–] Maeve@midwest.social 2 points 1 week ago

Same in solidly red Bible belt area I live in. $21 for 30.

[–] ArmoredThirteen@lemmy.zip 2 points 1 week ago (1 children)

For real, Seattle is like this too. We're going to be paying $1/egg soon!

[–] BlackAura@lemmy.world 1 points 1 week ago

Kirkland Costco, admittedly 2-3 weeks ago. Something like $9.59 for two dozen.

Something between $9 and $10 on the price tag is what I remember.

No idea what it is now.

[–] Baguette@lemm.ee 8 points 1 week ago

Lol I just don't buy eggs now. I could buy any other protein for the price of eggs now

[–] nick@midwest.social 7 points 1 week ago

“No shit.”

[–] CosmicGoat@lemmy.ca 7 points 1 week ago (1 children)

The industry has already been found liable for such behavior: https://apnews.com/article/egg-producers-price-gouging-lawsuit-conspiracy-be6919b3fb42bf2d9d3884d5e133e91d

People cannot keep up with the costs. The government isn't doing anything. They let corporations get away with everything

sighs This is so very frustrating. 😖

[–] Bamboodpanda@lemmy.world 3 points 1 week ago* (last edited 1 week ago)

What a hurtful thing to say about a "person".

/s

[–] cabron_offsets@lemmy.world 6 points 1 week ago

Torches & pitchforks.

[–] davad@lemmy.world 5 points 1 week ago

Shocked Pikachu face.

[–] Gladaed@feddit.org 5 points 1 week ago

Claiming that a 157% price hike cannot be explained by a 9% drop in supply is just bad economics. If everybody just buys the eggs anyway the price can rise arbitrarily high.

Profits increasing on the short term is very plausible as costs don't rise from having some hens die, but supply drops. This is over compensated with price increases.

[–] x00z@lemmy.world 5 points 1 week ago

It's a free market!!!!

[–] njm1314@lemmy.world 2 points 1 week ago (1 children)

Somewhere out there must still be super cheap to be pushing the average down to five

[–] IamSparticles@lemmy.zip 1 points 1 week ago* (last edited 1 week ago) (1 children)

You can probably get the cheapest, 5 birds per cage, hormone fed eggs somewhere for around that price. A lot of states have standards that don't allow those eggs to be sold, though. Here in WA, for example, there are regulations around the treatment of chickens that raise the average price. I can't find eggs for less than about $7 per dozen right now.

[–] njm1314@lemmy.world 1 points 1 week ago (1 children)

No I can't. That's why I said it. Cheapest eggs in my area are $6 now.

[–] IamSparticles@lemmy.zip 0 points 1 week ago

Somewhere. Not where you are. Read what I wrote, maybe?

load more comments
view more: next ›