Biden’s unshakeable support for capitalism and free markets has led to lowest wholesale prices in years. It’s win after win after win with this guy. If you blamed Joe for the high prices you should be praising him for the low prices. God bless Diamond Joe!
As of last week, Midwest large eggs — the benchmark for eggs sold in their shells — cost just $0.94 per dozen in the wholesale market, according to Urner Barry, an independent price reporting agency. That’s a sharp fall from $5.46 per carton just six months ago. (In retail, prices are well above $1 per carton, though they too have been declining.)
Why the decline? It’s because of a reversal of supply-demand trends that caused prices to spike in the first place.
Wholesale prices are typically more volatile than retail prices. That’s because supermarkets and grocery stores set retail egg prices, and they don’t want customers to be scared away by wild swings. So prices in the grocery store don’t immediately follow wholesale trends.
“Just because wholesale prices go lower, it doesn’t necessarily mean retailers will lower their prices,” said Earnest. “So the consumer is still subject to a higher price point. And it’ll take a while for that to get shaken out.”
As of last week, Midwest large eggs — the benchmark for eggs sold in their shells — cost just $0.94 per dozen in the wholesale market, according to Urner Barry, an independent price reporting agency. That’s a sharp fall from $5.46 per carton just six months ago. (In retail, prices are well above $1 per carton, though they too have been declining.)
Why the decline? It’s because of a reversal of supply-demand trends that caused prices to spike in the first place.
Wholesale prices are typically more volatile than retail prices. That’s because supermarkets and grocery stores set retail egg prices, and they don’t want customers to be scared away by wild swings. So prices in the grocery store don’t immediately follow wholesale trends.
“Just because wholesale prices go lower, it doesn’t necessarily mean retailers will lower their prices,” said Earnest. “So the consumer is still subject to a higher price point. And it’ll take a while for that to get shaken out.”
