John Smith
π€ SpeakerAppearances Over Time
Podcast Appearances
Yeah. And that's where the critics come in. That's why you have some groups scratching their heads saying, how is that possible?
Yeah. And that's where the critics come in. That's why you have some groups scratching their heads saying, how is that possible?
There's this group called Farm Action, which has been pretty critical of large agriculture companies in the past.
There's this group called Farm Action, which has been pretty critical of large agriculture companies in the past.
There's this group called Farm Action, which has been pretty critical of large agriculture companies in the past.
They say that this company has used its scale to influence the price of eggs or production, or they're not doing enough to put more hens in production and alleviate the national egg crisis, or that they could be producing more eggs to help, and they're not doing it.
They say that this company has used its scale to influence the price of eggs or production, or they're not doing enough to put more hens in production and alleviate the national egg crisis, or that they could be producing more eggs to help, and they're not doing it.
They say that this company has used its scale to influence the price of eggs or production, or they're not doing enough to put more hens in production and alleviate the national egg crisis, or that they could be producing more eggs to help, and they're not doing it.
Correct. So that's their criticism, and it's a criticism against basically a large company saying it has too much power to influence supply and demand of the egg market. It's their central criticism, and they've called for investigations.
Correct. So that's their criticism, and it's a criticism against basically a large company saying it has too much power to influence supply and demand of the egg market. It's their central criticism, and they've called for investigations.
Correct. So that's their criticism, and it's a criticism against basically a large company saying it has too much power to influence supply and demand of the egg market. It's their central criticism, and they've called for investigations.
So the company's response is really that people do not understand commodities and that this is simple supply and demand, economics 101, if you will.
So the company's response is really that people do not understand commodities and that this is simple supply and demand, economics 101, if you will.
So the company's response is really that people do not understand commodities and that this is simple supply and demand, economics 101, if you will.
Hens aren't just a sink that you can turn on and off, basically. You can't just call them up off a bench and put a jersey on them and put them into the game. You can't quite do that. Once you get them on board and in production, you can't turn them off. They're laying eggs. So we might have a shortage in a high-demand period during a holiday stretch, for example. Okay, but what about right now?
Hens aren't just a sink that you can turn on and off, basically. You can't just call them up off a bench and put a jersey on them and put them into the game. You can't quite do that. Once you get them on board and in production, you can't turn them off. They're laying eggs. So we might have a shortage in a high-demand period during a holiday stretch, for example. Okay, but what about right now?
Hens aren't just a sink that you can turn on and off, basically. You can't just call them up off a bench and put a jersey on them and put them into the game. You can't quite do that. Once you get them on board and in production, you can't turn them off. They're laying eggs. So we might have a shortage in a high-demand period during a holiday stretch, for example. Okay, but what about right now?
Like here in May, there's a bit of a lull in egg demand. We would have an oversupply because we just built so many egg production. We brought in more hens online. You would be producing more eggs than Americans could actually consume. And so their point is you would have eggs going into landfills.
Like here in May, there's a bit of a lull in egg demand. We would have an oversupply because we just built so many egg production. We brought in more hens online. You would be producing more eggs than Americans could actually consume. And so their point is you would have eggs going into landfills.
Like here in May, there's a bit of a lull in egg demand. We would have an oversupply because we just built so many egg production. We brought in more hens online. You would be producing more eggs than Americans could actually consume. And so their point is you would have eggs going into landfills.