Let's talk about eggs, supply, and demand....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 26 January 2023
⏱️ 8 minutes
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Summary
Let's talk about eggs, supply, and demand....
Transcript
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| 0:00.0 | Well, howdy there internet people, it's about again. So today we are going to talk about eggs |
| 0:06.8 | and supply and demand. And we're going to kind of branch out from eggs and talk about other forms of supply and demand as well. |
| 0:18.0 | So if you don't know, the price of eggs has gone up dramatically in the United States |
| 0:25.4 | depending on the source you use anywhere from I think it's 62 to like 104 percent |
| 0:31.9 | big jump big jump in the price of eggs. Now the |
| 0:38.1 | industry line, their narrative, their story on why this is occurring is increased demand and avian flu. Does this |
| 0:49.2 | check out? Yeah. On the surface, yes, avian flu, it's a thing, it's happening. |
| 0:57.0 | They've lost tens of millions of birds, which means less eggs at a time of more demand. Prices go up. Yeah, that tracks. |
| 1:07.6 | Now at the same time, there is a group of people who thinks it's a little bit more than that, and they have sent a letter or a complaint to the FTC. |
| 1:19.0 | And it's kind of alleging price fixing among some of the larger suppliers, |
| 1:25.0 | artificially inflating the price. |
| 1:28.0 | Does that check out? |
| 1:30.0 | I looked, and yeah, there's kind of a discrepancy between the amount of birds lost |
| 1:37.2 | versus the price increases |
| 1:40.8 | It looking at it it seems a little bit odd |
| 1:44.4 | But to be honest I don't know enough about the egg industry |
| 1:48.3 | to make a real judgment on it |
| 1:50.5 | That's something that the FTC is going to have to do. Don't expect them to make |
| 1:56.1 | any kind of comment on it because they generally don't comment on anything. |
| 2:01.9 | Okay, so you have a price increase. People don't like those generally. So there is |
| 2:10.8 | a ready source of people to be tapped into, to inflame, to provoke, to outrage. |
| 2:18.0 | And if you can tie it to one of your key issues, that's good politics. Is that happening? Of course, of course. You have a lot of |
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