America is in an existential crisis. The price of
eggs jumped 60% in 2022. Meanwhile, wholesale egg
prices are up 300% in the last year. So
what's going on? We're in the midst of the
deadliest outbreak of bird flu of all time and millions
of birds have died. The virus has spread rapidly
as wild birds migrate, leaving droppings over farms as
they pass. To limit the spread of the virus
, whole poultry flocks have to be killed after an
infection is confirmed that's caused the supply crunch of eggs
. Some retailers say egg prices typically drop after december
as demand cools after a surge driven by holiday baking
and cooking because eggs are a staple product for us
, consumers grocers try to keep prices competitive. In
fact, some retailers said that they have sacrificed some
profits on eggs for months to keep prices on the
shelves as low as they possibly can. It's difficult
to say exactly how long these price hikes and spot
shortages will last. There's still a risk that cases
of bird flu will rise again and that could send
prices up again and cage free eggs are more difficult
to replace than commodity eggs because there are just fewer
farms that produce them. So even as we see
prices for commodity eggs begin to fall and we will
eventually see that trickle down to the shelves in states
like California, people are having trouble finding eggs at 00:01:23.540 --> all