Inflation
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The top item, egg, the extraordinary price hike is attributed not to general inflation but to an avian flu outbreak:
https://www.kktv.com/2023/01/05/whats-causing-dramatic-increase-egg-prices/
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The top item, egg, the extraordinary price hike is attributed not to general inflation but to an avian flu outbreak:
https://www.kktv.com/2023/01/05/whats-causing-dramatic-increase-egg-prices/
As @Jolly states, it’s part of the increase, but not the whole story or even half. Farm wages are up about 18% over the past two years, and new labor requirements have necessitated larger labor forces in agriculture.
Everybody keeps ignoring the effect that wage inflation is having on the overall picture. The Fed can only suppress demand so far…
Me/rry/Christmas
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@LuFins-Dad @Jolly Look at the chart @LuFins-Dad posted a few posts back, price of egg rose 60% while price of poultry rose only 12%. That should tell you that common factors like fuel cost, feed cost, and farm labor wages are the smaller influences. The factor that can explain the large divergence between egg price and poultry price is an avian flu that wiped out a lot of egg-laying hens but not the poultry meat producing chicken.
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"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@LuFins-Dad @Jolly Look at the chart @LuFins-Dad posted a few posts back, price of egg rose 60% while price of poultry rose only 12%. That should tell you that common factors like fuel cost, feed cost, and farm labor wages are the smaller influences. The factor that can explain the large divergence between egg price and poultry price is an avian flu that wiped out a lot of egg-laying hens but not the poultry meat producing chicken.
You’re basing your opinion on the belief that everything else are common factors. They aren’t. And if your reading comprehension skills would ever improve, you would note that both @Jolly and I acknowledge that the Avian Flu is part of the cause. We’re just pointing out that there’s a lot more to the story that you are ignoring.
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@LuFins-Dad said in Inflation:
@LuFins-Dad @Jolly Look at the chart @LuFins-Dad posted a few posts back, price of egg rose 60% while price of poultry rose only 12%. That should tell you that common factors like fuel cost, feed cost, and farm labor wages are the smaller influences. The factor that can explain the large divergence between egg price and poultry price is an avian flu that wiped out a lot of egg-laying hens but not the poultry meat producing chicken.
You’re basing your opinion on the belief that everything else are common factors. They aren’t. And if your reading comprehension skills would ever improve, you would note that both @Jolly and I acknowledge that the Avian Flu is part of the cause. We’re just pointing out that there’s a lot more to the story that you are ignoring.
They wouldn't know the Truth, if it bit them in the ass.
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In other news, global economic crisis caused by American geriatric continues to enrage middle America.
Still, it could be worse. The British press are probably blaming it on Meghan Markle.
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Farm group calls for the FTC to investigate the pricing of eggs for signs of price gouging.
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In the US at least, it appears that it has "turned the corner"
https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/
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https://www.wired.com/story/the-bird-flu-outbreak-has-taken-an-ominous-turn/
The article is mainly about bird flu outbreak. Relevant to the price of egg is this snippet:
... the US, where 43 million laying hens were either killed by avian flu last year or slaughtered to prevent the disease from spreading. Those losses took out almost a third of the national flock of laying hens; according to the US Department of Agriculture, they cut into egg supplies so much that prices at the end of the year were 210 percent higher than at the end of 2021. ...
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https://www.wired.com/story/the-bird-flu-outbreak-has-taken-an-ominous-turn/
The article is mainly about bird flu outbreak. Relevant to the price of egg is this snippet:
... the US, where 43 million laying hens were either killed by avian flu last year or slaughtered to prevent the disease from spreading. Those losses took out almost a third of the national flock of laying hens; according to the US Department of Agriculture, they cut into egg supplies so much that prices at the end of the year were 210 percent higher than at the end of 2021. ...
Uh, you kinda forgot about the increases in diesel fuel and feed didn't you?
