

TBD | Cracking the Egg Crisis
21 snips Mar 2, 2025
Dr. Jada Thompson, an associate professor specializing in agricultural economics at the University of Arkansas, dives into the egg crisis gripping the nation. She explains how avian flu dramatically reduced chicken populations, driving egg prices sky-high. The conversation reveals the complex dynamics of the egg market, including the role of feed costs and auction demand. Thompson also discusses how management strategies and disease containment practices have influenced the volatility in egg pricing, making it clear that recovery may be a long road ahead.
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Egg Inelasticity
- Eggs are inelastic, meaning consumers buy them regardless of price fluctuations.
- This makes egg prices highly sensitive to supply changes.
Avian Flu Impact
- Avian flu is severely impacting chicken populations, driving egg prices up dramatically.
- Restaurants are implementing egg surcharges due to shortages.
Bird Flu Mortality
- Bird flu, or HPAI, has a high mortality rate in chickens (75-95%).
- This leads to mass deaths in affected flocks.