A few highlights:
> As a result of the smaller flock, egg production has dropped slightly from 8.1 billion eggs per month in 2021 to 7.75 billion eggs per month in December 2024. Importantly, however, per capita production of eggs in the U.S. has not dipped below per capita consumption of eggs in any year between 2022 and the present. Meanwhile, the total value of egg production has risen significantly, from $8.8 billion in 2021 to $19.4 billion in 2022 and $17.9 billion in 2023.
Note the $17.9B 2023 figure obviously doesn't include the most recent price increases.
> Instead of using the windfall profits they are earning from record egg prices to rebuild or expand their egg-laying flocks, the largest egg producers are using them to buy up smaller rivals and further consolidate market power.
> Almost all shell eggs are marketed through contracts between producer firms and chain buyers where egg prices are based on weekly wholesale quotes published by Urner Barry, an industry consulting and data analytics firm. According to leading industry commentator Simon M. Shane, this convergence "on a single commercial price discovery system constitutes an impediment to a free market," with the benchmark prices released by Urner Barry potentially serving to amplify price swings led by the largest-volume producers and to prevent independent, competitive decision making by others.