The Price of Eggs in China

[Fernando]

The Dollar Store sold everything for a $1 buck- Costo Chicken and Hot Dog are loss leaders to get people fed as fed people spend more money on higher priced items.

Is Dollar Store still selling $1 at your stores.
Over here, it's $1.25.

 

[Fernando]

40% decrease after what I saw in the store that has been more than a 100% increase. Not impressed.

I bought more eggs than I normally eat during the shortage. When prices go down, I'll stop buying as many eggs.

 

[glenn walker]

I bought more eggs than I normalWhay buy something you dont eat ly eat during the shortage. When prices go down, I'll stop buying as many eggs.

Why buy something you dont eat-why not spend that money on something you like

 

[IlliniApp]

In the Quarterly Cattle on Feed report yesterday the USDA recorded the smallest U.S. cattle herd since 1962. Probably not a great indication of any cheaper beef going forward.

 

[Terrel L. Shields]

Probably not a great indication of any cheaper beef going forward.

In my county, we produce the most beef cattle in the state. The adjacent county is #2. But we once had a big dairy herd which produces beef as a by-product of milk production. We had both Carnation and Pet Milk commercial milk products while "drinking" milk was processed in plants in MO, OK, and the river valley south of NW Arkansas. Today there are very few dairies left - maybe 4 or 5. And when I started appraising, we had 100 or more. But much land is now being developed into residential properties, so more cattle are being concentrated into larger herds if the farmer is a full time beef rancher. The rest are basically very small herds of 10 -50 animals. Many farms are like my own, producing no cattle anymore. No cattleman can afford $8-15,000/acre land to grow cows on. Many have packed up and moved to NE Oklahoma, Missouri, or south into the River Valley where land is much cheaper.

 

[Fernando]

I bought more eggs than I normally eat during the shortage. When prices go down, I'll stop buying as many eggs.

When you want something and it's not there, you want it even more.
One time I went to Trader Joe and there were no eggs. I went to two more supermarkets and no eggs. Finally went to this "expensive" market and had limit of 2 cartons and had eggs.
Never want to be in such a position again so when given chance, I buy a whole bunch of eggs and no need to worry about it for several weeks.

 

[ucbruin]

When you want something and it's not there, you want it even more.
One time I went to Trader Joe and there were no eggs. I went to two more supermarkets and no eggs. Finally went to this "expensive" market and had limit of 2 cartons and had eggs.
Never want to be in such a position again so when given chance, I buy a whole bunch of eggs and no need to worry about it for several weeks.

“Weed will get you through times of no money better than money will get you through times of no weed.” ​

Freewheelin Franklin

 

[James Mpls]

In my county, we produce the most beef cattle in the state. The adjacent county is #2. But we once had a big dairy herd which produces beef as a by-product of milk production. We had both Carnation and Pet Milk commercial milk products while "drinking" milk was processed in plants in MO, OK, and the river valley south of NW Arkansas. Today there are very few dairies left - maybe 4 or 5. And when I started appraising, we had 100 or more. But much land is now being developed into residential properties, so more cattle are being concentrated into larger herds if the farmer is a full time beef rancher. The rest are basically very small herds of 10 -50 animals. Many farms are like my own, producing no cattle anymore. No cattleman can afford $8-15,000/acre land to grow cows on. Many have packed up and moved to NE Oklahoma, Missouri, or south into the River Valley where land is much cheaper.

This is the type of insight and analysis I love this forum for. Very interesting to me, being a residential specialist urbanite, surrounded by farmlands.

 

[Fernando]

I was at Costco last night and there was a wall of egg cartons.
Egg shortage is over. Just in case I'm wrong I grabbed another egg carton.
So much eggs in my refrigerator.

 

[Terrel L. Shields]

So much eggs in my refrigerator.

Hoarding only keeps prices high. Sugar got high back about the time of the first energy crisis - People hoarded it. Restaurants with sugar packets saw people loading their pockets with it. So they went back to the old sugar dispenser. A few years later, a friend helped clean out the house of an elderly woman who had to go to the resthome. The family discovered that "granny" had about 200# of sugar. Sugar so old that it was frozen into solid chunks. She had hoarded all of it at the time of the highest prices. Even if she canned, when in the world would an 70s year old person ever use 200# of sugar? That is the mentality of a hoarder. It is aslo part of why people paid $100k over list - FOMO - fear of missing out. What nonsense.