Are Eggs The New Lobster? Why Egg Prices Are So High

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Have you been to the grocery store recently and noticed that the price of eggs has skyrocketed? You’re not alone. In fact, egg prices in the United States have risen by a whopping 70% in just one year. But why? In this fun and informative guide, we’ll explore the reasons behind why egg prices are so high.

The Avian Flu Outbreak

One of the main reasons for the increase in egg prices is due to an outbreak of avian flu. This highly contagious virus affects birds, including chickens, which are used for egg production. When an outbreak occurs, farmers must cull their flocks to prevent the spread of the disease. This leads to a decrease in supply, which drives up prices.

Avian Flu Vials

According to a report by The Wall Street Journal, avian flu has caused a shortage of eggs in the United States. This shortage has led to higher prices as consumers compete for limited supplies.

“just like orange is the new black – eggs are the new lobster”

Inflation

Another factor contributing to high egg prices is inflation. Inflation is when the general price level of goods and services increases over time. This can be caused by a variety of factors such as an increase in demand or a decrease in supply.

In 2022, inflation increased significantly due to various economic factors such as supply chain disruptions and labor shortages. As a result, many food items, including eggs, became more expensive.

egg price chart

Price Fixing

Some experts believe that price fixing may also be contributing to high egg prices. Price fixing occurs when companies collude to set prices at artificially high levels. According to CNBC one farmer-led advocacy group alleges that leading suppliers are engaging in a “collusive scheme” to fix egg prices.

While it’s difficult to prove whether price fixing is actually occurring, it’s worth noting that some consumers have reported seeing similar price increases across multiple stores and brands.

Egg Price Fixing

Cage-Free Eggs

Finally, there’s been an increase in demand for cage-free eggs which has contributed to higher prices. Many consumers are willing to pay more for eggs from hens that have been raised humanely without being confined to cages.

However, producing cage-free eggs requires more resources and space which can drive up costs for farmers. As a result, these higher costs are passed on to consumers through higher prices.

egg prices

When Will Prices Drop?

So when can we expect egg prices to drop? Unfortunately, it’s difficult to predict with certainty when or if this will happen. However, there are some signs that suggest we may see lower prices in the future.

For example, according to The Sacramento Bee, California farmers are expected to increase their production of eggs this year which could lead to lower prices in that state. Additionally, as supply chains continue to stabilize post-pandemic and inflation begins to ease off slightly, we may see some relief from high food costs overall including eggs.

Egg Prices
Fortnum + Mason

Several factors are contributing to high egg prices

In conclusion, there are several factors contributing to why egg prices are so high including avian flu outbreaks leading to decreased supply; inflation driving up costs; potential price fixing among suppliers; and increased demand for cage-free eggs leading producers needing more resources resulting in higher costs passed on down stream . 

egg prices
Courtney Stodden

The Wrap

While it’s difficult to predict exactly when or if we will see lower egg prices again soon but hopefully with time things will get better! In the meantime remember that old saying “orange is the new black” well, Eggs are the new Lobster” – ya heard it first here VICESNOB. 

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