be_excellent_to_each_other

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Joined 1 year ago
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Cake day: June 21st, 2023

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  • Yep. No reason not to think it isn’t just corporate greed again.

    (from the article about the previous insane egg prices)

    In absolutely unrelated news, eggs are suddenly incredibly expensive. A dozen “conventional” eggs are currently averaging $2.88, which is double what they cost a year ago. Supposedly, this is caused by a supply chain shock (an avian flu outbreak).

    But – and this will shock you, I know – the single company that dominates the US egg industry, Cal-Maine Food (AKA CALM – ugh) is making record profits. Their Q3/22 net was up 65% from the year before. Cal-Maine’s Q4-22 sales were up record-smashing 110% – $801.7m: