The egg industry has undergone a lot of market consolidation, and the big producers are a kind of monopoly. The current shortage has created record profits.
“the current egg crisis is what the Sovietization of American business looks like. We don’t have egg companies in the business of making eggs anymore. We have egg companies in the business of exploiting egg shortages”
Meanwhile, in Canada, I paid $9.50 for 30 brown eggs at a local farm. I should start a cross-border pipeline.
If stores are charging US$6.50 a dozen and exchange rate is CAD1.44 to USD1, then gross margins are about 146%. Hell, at $3.75 a half dozen, the gross margin is 184%. Margins any higher, and you’re really just describing highway robbery.
Now, tell me again how US egg producers are not just gouging the entire country. Someone, somewhere, is selling Canadian eggs to Americans, paying the tariff, and still making lots of money.
Domestically-produced eggs that wholesale at $5/dozen is extortion. The article shows that avian flu doesn’t explain it either.
I’ll just leave this TikTok and m/or YouTube here. Bread is more salient as an example to Canadians, but still, it works.
