Why egg prices keep soaring, even as inflation moderates

From the creator

While certain categories have been able to shake off sticky inflation, there's one kitchen staple that has been much harder to crack: egg prices. The average cost of a dozen eggs rose 63% year-over-year, according to the US Bureau of Labor Statistics, climbing from $2.07 in October 2023 to $3.37 a year later. Brad Smith is joined in-studio by Pete & Gerry's Eggs CEO Tom Flocco to talk more about food inflation and the pricing dynamics around eggs, after recurring cases of avian flu ravaged the industry throughout 2024. "Our eggs are actually about the same price now as they were a year ago, for both Pete and Gerry's and [subsidiary] Nellie's. Our eggs, we have a much different model, we have a fragmented model. We're in close to 300 farms and barns across the country," Flocco says about the company's business model and protections from certain risk factors. "And so our eggs are not beholden to any one flight path of migratory birds. Avian influenza is spread by migratory birds. So that distributed model protects us. #youtube #eggs #stocks About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/Ya

Published 2024-12-05 · Watch on YouTube ↗
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