{"id":1849813,"date":"2023-02-16T13:04:35","date_gmt":"2023-02-16T18:04:35","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1849813"},"modified":"2023-02-16T13:05:30","modified_gmt":"2023-02-16T18:05:30","slug":"a-dozen-eggs-now-cost-more-than-a-pound-of-beef-heres-why","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/a-dozen-eggs-now-cost-more-than-a-pound-of-beef-heres-why\/","title":{"rendered":"A Dozen Eggs Now Cost More Than A Pound Of Beef. Here\u2019s Why."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fa-dozen-eggs-now-cost-more-than-a-pound-of-beef-heres-why%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1849813&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>The cost of a dozen eggs has now surpassed the price of a pound of beef, marking the first time that\u2019s happened since the U.S. Bureau of Labor Statistics began keeping <a href=\"https:\/\/fred.stlouisfed.org\/series\/APU0000708111\" target=\"_blank\" rel=\"noopener\">Data<\/a> In 1980.<\/p>\n<p>In January 2023, the average price for a dozen large grade A eggs was $4.82 and a pound ground beef was $4.64. While eggs were $1.93 in January 2022 and beef was at $4.77, egg prices have skyrocketed by 70% in just the last year.<\/p>\n<p>Farm Action is a farmer-led advocacy organization that says: \u201creal culprit\u201d The secret to sky-high prices lies in a \u201ccollusive scheme\u201d The top U.S. egg farmers fix their prices in order to deceive consumers.<\/p>\n<p>In January\u00a0<a href=\"https:\/\/farmaction.us\/2023\/01\/19\/farm-action-calls-for-ftc-to-investigate-record-high-egg-prices\/?utm_source=substack&#038;utm_medium=email\" target=\"_blank\" rel=\"noopener\">Letter<\/a> Farm Action reported to the Federal Trade Commission that the alleged collusion had helped egg producers. \u201cextract egregious profits reaching as high as 40%.\u201d<\/p>\n<p>According to the letter, avian flu was not to blame. \u201cExamining publicly-available financial data from the egg industry, the letter determines that the supply disruption caused by the avian flu outbreak had an \u2018apparently mild impact on the industry,&#8217;\u201d the group said in a press release.<\/p>\n<p>The group also said egg producers are making money hand over fist. \u201cFor the 26-week period ending on November 26, 2022, Cal-Maine reported a ten-fold year-over-year increase in gross profits \u2014 from $50.392 million to $535.339 million \u2014 and a five-fold increase in its gross margins,\u201d the letter said.<\/p>\n<p>But Dave Juday, an agriculture economist with the Juday Group, said there is a slew of reasons for rising prices.<\/p>\n<p>\u201cThe reason for egg price inflation is Highly Pathogenic Avian Influenza (HPAI),\u201d he told The Daily Wire. \u201cTo date, about 5.76 million birds have been depopulated due to HPAI and 43.78 million have been commercial layers. As a result, 2022 egg production was down about 363.6 million dozen from the 2019\/2020 average.\u201d<\/p>\n<p>The dearth of eggs led to higher costs, \u201cpassed on at a higher proportion to other [corporate] food processors\/manufacturers more than retail consumers. \u2026 Markets \u2013 especially commodities \u2013 are priced on the margin. That is why a 30 percent production change can drive a 60% change in price,\u201d Juday said.<\/p>\n<p>He also said Farm Action\u2019CalMaine and others comment \u201cextorted margins\u201d doesn\u2019t make sense because it \u201cignores the way markets work.\u201d<\/p>\n<p>\u201cFor those who believe in market economics, the price the buyer is willing to pay for the amount of a product that is supplied is the classic text book definition of \u2018demand.\u2019 An analogy, it would be refreshing to learn that Farm Action turns down marginal additional donations because it is already publicizing and lobbying its issues on the budget it already has and because the \u2018demand\u2019 from donors for more such work is irrelevant to their production of that work.\u201d<\/p>\n<p>A spike in the demand for egg-based alternatives has resulted from the high cost of eggs. Matt Riley, chief revenue officer at Eat Just, noted that the U.S. consumer penetration of JUST Egg in January was up 10%. <a href=\"https:\/\/www.foxbusiness.com\/lifestyle\/surging-egg-prices-giving-rise-plant-based-alternatives\" target=\"_blank\" rel=\"noopener\">Telled<\/a> Fox News.<\/p>\n<p>\u201cWe achieved 2.1 million, our highest household number since we\u2019ve launched nearly four years ago,\u201d He said.<\/p>\n<p><em>The views expressed in this piece are the author\u2019s own and do not necessarily represent those of The Daily Wire.<\/em><\/p>\n<p><em>Joseph Curl is a 35-year veteran of politics, having served 12 years as White House correspondent in a national newspaper. For four years, he was the Drudge Report&#8217;s a.m. editor. Tips to josephcurl<a href=\"https:\/\/www.dailywire.com\/cdn-cgi\/l\/email-protection\" class=\"__cf_email__\" data-cfemail=\"1b5b7f7a7277626c72697e35787476\">[email\u00a0protected]<\/a> Follow him @josephcurl on Twitter<\/p>\n<p><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cost of a dozen eggs has now surpassed the price of a pound of beef, marking the first time that\u2019s happened since the U.S. Bureau of Labor Statistics began keeping data in 1980. The average price of a dozen large Grade A eggs ran at $4.82 in January 2023, while a pound of ground &#8230;<\/p>\n","protected":false},"author":159,"featured_media":1849816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[7813,5975,12864,14549,3751,11431,7273],"class_list":["post-1849813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-beef","tag-cost","tag-dozen","tag-eggs","tag-heres","tag-pound","tag-why"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1849813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/159"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1849813"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1849813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1849816"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1849813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1849813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1849813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}