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by vessenes 465 days ago
The article had me at "European Chicken Monopoly In Control of US Egg Market." The rest is interesting, but fairly predictable in outcome. Normally competition will drive prices down when margins are good. In this case, the monopoly breaks that cycle and is like ... "Mmm, I like these margins, thanks."
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p.s. It also explains why at my local Pacific Northwest family owned market, there were plenty of $4.99 and $6.99 free range eggs per dozen for sale -- I believe this small chain prefers local suppliers.