What The Heck Is Happening With the Price of Eggs?
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 23 January 2023
⏱️ 46 minutes
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Summary
The price of eggs rose 60% in 2022, as measured by the Consumer Price Index. Meanwhile, wholesale egg prices are up 300% in the last year, creating a chart that looks almost parabolic. So what's going on? And is there any relief in sight? On this episode, we speak with Glenn Hickman, president of Hickman's Family Farms, an Arizona egg farm with roughly 10 million chickens. Glenn explains why egg prices have been shooting higher, the role of the Covid-19 pandemic, and how farms are responding to the outbreak of avian flu.
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| 0:00.0 | As of 9-1-20-23, you may earn a 5.5% annualized yield with six-month T-bills of held to maturity. |
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| 0:17.5 | and you may be able to earn some of the highest yields we've seen since the year 2000. |
| 0:21.2 | Visit public.com slash T-Bill podcast to get started. |
| 0:24.9 | This is a paid endorsement by public.com, fees and conditions apply. |
| 0:28.4 | Treasury accounts at public.com or through Gico Securities Inc. |
| 0:31.5 | Member Finra and SIPC. Not FDIC-insured? No bank guarantee. |
| 0:35.2 | May lose value. Full disclosures can be found at www.public.com slash T-Bill podcast. |
| 0:41.4 | Hi, I'm Eric Schatzger, the editorial director of Bloomberg New Economy. |
| 0:45.3 | At Bloomberg, we believe in the power of ideas. That's why we launched Bloomberg New Economy |
| 0:50.2 | Catalysts. This global community of entrepreneurs and innovators is blazing new trails in every |
| 0:55.7 | corner of the economy, like using AI to speed up supply chains and saving our coral reefs with 3D |
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| 1:06.4 | Learn more about the Catalysts and what they're doing at BloombergNewEconomy.com slash Catalysts. |
| 1:12.2 | Hello and welcome to another episode of the Odd Lots podcast. I'm Geo Wyzenthal. |
| 1:28.1 | And I'm Tracy Alloway. Tracy, you know, it feels like to some extent that inflation is |
| 1:35.1 | abating, is fading. Every time we start a podcast saying that, I think we're just jinxing it. |
| 1:40.5 | Sure. Well, we hope to be jinxing this one because there is one category that of food of goods |
| 1:48.3 | that is everyone is talking about these days. Eggs. Eggs. I'm so excited to be talking about eggs. |
| 1:56.5 | We are going to be a lot of puns. I have to say excited. That's my warning for anyone listening |
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