key-wavelength t1_jef9tu6 wrote
Reply to comment by Tonaia in Fed inflation gauge February 2023: Core PCE up 0.3%, less than expected by bambin0
The egg industry is a cartel. They have been busted for this in the past.
Tonaia t1_jefh8am wrote
I don't disagree. The context of that particular story does matter though. Cal-Maine Foods could have taken a smaller profit, but they didn't. They took full advantage and exploited the supply shock, but they could only do that because they didn't lose any production themselves.
Their unwillingness to step back from profit kept the egg prices high.
[deleted] t1_jefjol7 wrote
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