Odd Lots

What The Heck Is Happening With the Price of Eggs?

Jan 23, 2023
Glenn Hickman, President of Hickman's Family Farms, guides listeners through the egg price crisis. He humorously addresses skyrocketing costs, revealing how the pandemic and avian flu have contributed to a dramatic rise in prices. Glenn contrasts the challenges faced by large producers with those of smaller farms and shares anecdotes about the industry's quirks. The discussion also touches on the economics behind current market dynamics, including the impact of rising grain costs linked to global events. It's an enlightening look into the world of egg production!
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INSIGHT

Egg Price Discrepancy

  • Egg prices are significantly impacted by the way you buy them.
  • Local farm eggs may be cheaper than supermarket eggs, which are hit hardest by avian flu.
INSIGHT

Egg Market Dynamics

  • The egg industry operates as price takers within a market, similar to commodities like corn and soybeans.
  • Negative returns over the past three years and bird flu have constricted supply, driving up egg prices.
ANECDOTE

Avian Flu Outbreak

  • Avian flu spreads rapidly and is deadly to chickens, necessitating the euthanization of entire flocks upon detection.
  • Hickman's Family Farms recently experienced an outbreak, highlighting the ongoing threat.
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