Well, howdy there internet peeps, and those about to consume eggs with your bacon...
It's Troy again...
Not much to report. About the only thing interesting is that I fired up the kamado grill, smoked some Italian sausages for lunch, and then cooked the last two steaks from the freezer. Need to head to Costco again soon, but I probably won't get more steaks until the weather breaks enough to start using the grills more regularly.
Dinner table conversation turned to the cost of eggs. Unless they're in batter (including french toast, brownies, cookies, et al) I don't eat eggs. Texture, odour, and taste all collide in negative ways for me.
But, wife brought it up that it's not just the Avian flu (laying hen flocks hardest hit) ... it's really "economic energy policies". Love my wife but she's stuck in some far fringy political podcasts.
So, I put on my journalist hat and started digging. Despite growing up in rural communities, and covering them on numerous small town papers, I'm not an expert on the corporate egg industry. If you don't have your own hens, nor have ready access via a neighbor... you're probably getting your eggs from a company supplier/corporate farm industry giant like Cal-Maine.
Their profits statements (I'm far from an expert in this area) look pretty darn solid for this year. Nice increase over years past. Some additional expenses, but they don't seem to have a major impact on price when compared to the Profit and Revenue. Perhaps someone more versed in P&L/stocks can take a look?
Also, I discovered that eggs actually have a futures market... hmmmm... That looks like it's been affecting the market price as well... again, I'm no expert, so I'll attach the chart. Feel free to help me understand how this has been driving the price of those Chicken Butt Missiles.
I would expect a surge in futures leading into the holiday cookies period around Dec, but that spike is interesting. Especially
My conclusion:
Pending further enlightenment... Eggs are complicated, and too many factors are colliding to point a political finger in any sure direction like the talking heads keep trying to do. Like Mambo No. 5... A little bit of Rita, Monica... errrrr... energy, corporate profiteering, futures profiteering, high demand, disease-infused shortages... and some Sandra and Jessica
Jump up and down and move it all around
Shake your head to the sound, put your hand on the ground
Did I miss anything?