John Smith
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Podcast Appearances
Analysts say that that would tank the price of eggs. So you would be going below the cost of production. and they would be losing a ton of money. So it's a careful balance, is what they're trying to say.
Analysts say that that would tank the price of eggs. So you would be going below the cost of production. and they would be losing a ton of money. So it's a careful balance, is what they're trying to say.
Analysts say that that would tank the price of eggs. So you would be going below the cost of production. and they would be losing a ton of money. So it's a careful balance, is what they're trying to say.
So they say when it goes way up, it goes way up, so be it. When it goes way down, it goes down, so be it. So that's kind of why they deal with the price of eggs. It kind of follows the twists and turns of the egg market, if you will.
So they say when it goes way up, it goes way up, so be it. When it goes way down, it goes down, so be it. So that's kind of why they deal with the price of eggs. It kind of follows the twists and turns of the egg market, if you will.
So they say when it goes way up, it goes way up, so be it. When it goes way down, it goes down, so be it. So that's kind of why they deal with the price of eggs. It kind of follows the twists and turns of the egg market, if you will.
Well, it's a good question. I mean, so you're right in the sense that they would say that they don't control the price of eggs because they don't price it at retail. Consumers, you know, ultimately it's up to the grocery store to determine what consumers will see.
Well, it's a good question. I mean, so you're right in the sense that they would say that they don't control the price of eggs because they don't price it at retail. Consumers, you know, ultimately it's up to the grocery store to determine what consumers will see.
Well, it's a good question. I mean, so you're right in the sense that they would say that they don't control the price of eggs because they don't price it at retail. Consumers, you know, ultimately it's up to the grocery store to determine what consumers will see.
So in theory, they could decide, hey, I'm going to give a massive price break to Kroger, but that doesn't mean Kroger, for example, hypothetically speaking, has to do that. They're still the ultimate arbiter of how much the consumer will pay for it, right? So couldn't they lower the price? They could.
So in theory, they could decide, hey, I'm going to give a massive price break to Kroger, but that doesn't mean Kroger, for example, hypothetically speaking, has to do that. They're still the ultimate arbiter of how much the consumer will pay for it, right? So couldn't they lower the price? They could.
So in theory, they could decide, hey, I'm going to give a massive price break to Kroger, but that doesn't mean Kroger, for example, hypothetically speaking, has to do that. They're still the ultimate arbiter of how much the consumer will pay for it, right? So couldn't they lower the price? They could.
But what they would say too is they don't want to set that precedent because, as I mentioned earlier, the egg market is a very volatile place. And they could easily tank and lose money. As they would say, it's important to reap the rewards when prices are high and keep that money in case the egg market tanks and they can use it again.
But what they would say too is they don't want to set that precedent because, as I mentioned earlier, the egg market is a very volatile place. And they could easily tank and lose money. As they would say, it's important to reap the rewards when prices are high and keep that money in case the egg market tanks and they can use it again.
But what they would say too is they don't want to set that precedent because, as I mentioned earlier, the egg market is a very volatile place. And they could easily tank and lose money. As they would say, it's important to reap the rewards when prices are high and keep that money in case the egg market tanks and they can use it again.
So they want to take the benefits of when things are good to survive when things are bad.
So they want to take the benefits of when things are good to survive when things are bad.
So they want to take the benefits of when things are good to survive when things are bad.
I don't know if I'd tell them who to blame, but I would say, I mean, look, at the end of the day, the bird flu is the culprit of all of this. I also think it's important to keep in mind that egg prices are on their way down and will probably come down, but they might spike back up again. The virus is still happening. So we're seeing seasonal swings basically every year in and year out now.
I don't know if I'd tell them who to blame, but I would say, I mean, look, at the end of the day, the bird flu is the culprit of all of this. I also think it's important to keep in mind that egg prices are on their way down and will probably come down, but they might spike back up again. The virus is still happening. So we're seeing seasonal swings basically every year in and year out now.