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by kilotaras
28 days ago
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Eggs demand is rather inelastic[0]: price has to go up by a lot for demand to go down. Per your link Cal-Maine Food doubled the revenue while selling roughly the same amount of eggs. Expenditure wouldn't double and so you would expect a drastic increase in profit. > small egg producers may have had issues with avian flu keeping their fairly priced products off the shelves. They didn't had the product though! This is main part of the reason price went up in 2022. It's either that or no eggs on the shelves. [0]https://agdatanews.substack.com/p/americans-really-like-eggs |
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