A Major American Egg Farm Just Lost 90% of its Chickens

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Hello, and welcome to another episode of the Odd Lots podcast. I'm Tracy Alloway. And

I'm Joe Weisenthal.

So, Joe, just a few months ago, you will remember, I'm sure, egg prices were a really big deal, and we had all these headlines eggs costing, like, $10 a dozen and shortages of eggs at supermarkets or eggs being rationed, and it even became a sort of political Yeah. Touchstone. It featured in the elections. And fast forward to today, and it feels like no one's really talking about egg prices anymore. Egg prices paid to Midwest producers, they've gone from, like, $8.24 to something like $3.44, so we've seen a really dramatic decline. We're recording this, by the way, on June 3, which happens to

you look at the price, you can see why no one is talking about it anymore. Right? There are certain charts in the world that we only talk about when they're going up. They're parallel. There's others that we only talk about when they're going down. Prices for things like certain food items, we tend to only talk about on the way up. Yeah.

But here's my big question. As far as I can tell, bird flu is still very much with us, so, you know, the thing that caused egg prices to spike in the place. And so I'm very curious why prices have come down, how much of it is just people who stopped buying eggs because they were so expensive, versus how much of it is maybe the poultry supply got built back up. And I'm happy to say we have the perfect guest to discuss all of this, although the context in which we're talking is actually very sad. We're gonna be speaking with Glenn Hickman. He is the president of Hickman's egg ranch in Arizona, o