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by ryao 465 days ago
Interestingly, the investigation appears to have begun right after egg prices started to drop:

https://tradingeconomics.com/commodity/eggs-us

No one appears to be reporting the drop yet, which is fair since it is not clear the trend will continue as fundamentals have not changed beyond possible imports from Turkey.

1 comments

5 dozen lucerne eggs is $50 here in SF at Safeway, as of this morny. A few weeks to a month ago, I recall it being $5-$6 for one dozen.
The drop is very recent and refers to upstream prices for contracts, which might have not even been delivered to stores yet. I had been watching the contract prices and successfully predicted increases in my local prices based on it, although the increases tended to lag behind the contract pricing changes by a week or more. I had been expecting another increase when the drop occurred so it is unclear to me whether the drop prevented another increase or is something we will see passed to us in the next week or two.

That said, Safeway is an expensive store. Shop at Aldi. It is cheaper. Aldi is so much cheaper that you likely could have groceries delivered from it via Instacart and still save money.