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Egg company sees 718% profit surge as prices soar
corbe:
Egg company sees 718% profit surge as prices soar
by Samuel Schaffer, Associate News Editor |
March 29, 2023 09:20 PM
The largest egg producer in the United States, Cal-Maine Foods, reported more than doubled revenue and a 718% surge in profits last quarter as egg prices soar.
Reuters reported that the company controls 20% of the U.S. egg market, according to CNN. Cal-Maine’s average price for a dozen eggs in the first quarter of 2022 was $1.61. A year later, that price jumped to $3.30 in the quarter ending on Feb. 25.
The company also sold 1% more eggs than it did a year ago, so its revenue more than doubled to $997.5 million.
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https://www.washingtonexaminer.com/policy/economy/egg-company-sees-718-profit-surge-as-prices-soar
Sighlass:
Getting some chickens here in a few weeks... what do I expect... probable some stray dog will get him a live chicken dinner and I will have egg on my face.
roamer_1:
--- Quote from: Sighlass on March 30, 2023, 03:26:05 am ---Getting some chickens here in a few weeks... what do I expect... probable some stray dog will get him a live chicken dinner and I will have egg on my face.
--- End quote ---
Can't do a coop and a run?
Look into a chicken tractor or a chickshaw.
A chicken tractor would be easiest to make and move... A chickshaw is easy to move, but more complicated, and requires a portable electric net.
Either very effective against dogs, and keeps the chickens on fresh ground (you move them every few days)
Sighlass:
--- Quote from: roamer_1 on March 30, 2023, 05:52:48 am ---Can't do a coop and a run?
Look into a chicken tractor or a chickshaw.
A chicken tractor would be easiest to make and move... A chickshaw is easy to move, but more complicated, and requires a portable electric net.
Either very effective against dogs, and keeps the chickens on fresh ground (you move them every few days)
--- End quote ---
@roamer_1
I have an big old Trampoline across the street and thinking about wrapping it for a pen.... It is light enough the boy and me can move it when needed. It was something the wife wanted to try anyhoo, I ain't exactly sold on the idea, but I do like eggs.
sneakypete:
--- Quote from: Sighlass on March 30, 2023, 07:43:07 am ---@roamer_1
I have an big old Trampoline across the street and thinking about wrapping it for a pen.... It is light enough the boy and me can move it when needed. It was something the wife wanted to try anyhoo, I ain't exactly sold on the idea, but I do like eggs.
--- End quote ---
@Sighlass
Seems like a lot money spent and work to save 2 bucks a week on eggs. Have you stopped to consider how little of ANYTHING 2 bucks buys you these days?
And that is not even considering having to gather and wash the eggs every day. How much is your time worth?
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