2 ms·

> What's the supply issue that's impacting normal grocery store items? well, for eggs, just to take 1 example: bird flu * * https://www.nerdwallet.com/articl

• autoexec 4y ago
  The largest egg producer in the country wasn't impacted by the bird flu at all, but they still jacked up their prices like crazy and pulled in a 718% increase in profit over last quarter because they thought people would bend over and accept it since they had that flu outbreak excuse. I'm not saying bird flu played zero role in the price increases seen in stores, many producers were legitimately impacted, but that doesn't mean that people, already suffering from high prices, weren't being taken advantage of at every opportunity because of simple avarice. "Cal-Maine Foods, the nation’s largest producer of eggs, reported this week that its revenues doubled and its profit surged by 718% in the last quarter as a nationwide egg shortage has sent prices soaring...Cal-Maine, which controls about 20% of the national egg market, reported a net income of $323.2 million, a seven-fold rise from the same quarter last year...The company has said that its egg production facilities have been spared the wrath of avian flu, the contagion that has forced farms to cull more than 58 million chickens and turkeys since the outbreak spread in early of last year." (https://nypost.com/2023/03/30/cal-maine-foods-profits-surge-718-amid-us-egg-shortage/ https://nypost.com/2023/03/30/cal-maine-foods-profits-surge-...)