Page 12 - aruba-today-20230112

A12 BUSINESS
Thursday 12 January 2023

Soaring U.S. egg prices put pressure on

consumers, businesses

By JOSH FUNK the fridge and try not to let start thinking more seriously
AP Business Writer them go bad before they about building a backyard
OMAHA, Neb. (AP) — get used. chicken coop in Chicago
Chickens may not be able If prices remain this high, because everyone in her
to fly very far, but the price Kelly Fischer said she will family eats eggs.q
of eggs is soaring.
A lingering bird flu out-
break, combined with
soaring feed, fuel and la-
bor costs, has led to U.S.
egg prices more than dou-
bling over the past year, Dutch Village Divi Village Golf
and hatched a lot of stick- Eagle Beach Eagle Beach
er shock on grocery aisles. studio WK #4 room #129 studio WK #6 room#4226
The national average price 22 weeks remain 23 weeks remain $8K
for a dozen eggs hit $3.59 in non mandatory Call :0 11-297-6301307
November, up from $1.72 Expire :2028 johnnypaesch@gmail.com
a year earlier, according Price :$7K www.halleytimetravelaruba.online
to the latest government Call :0 11-297-6301307
data. That’s putting stress johnnypaesch@gmail.com Divi Village
on consumer budgets and www.halleytimetravelaruba.online studio WK #1 room #8201
the bottom lines of restau- 19 weeks remain $8K
rants, bakeries and other Dutch Village studio WK #4 room #8203
food producers that rely Eagle Beach 31 weeks remain $8K
heavily on eggs. 1 Br WK #8 room #14 Call :0 11-297-6301307
Grocery prices that were 6 full accelearted 6K johnnypaesch@gmail.com
up 12% in November are studio WK#8 room#33 www.halleytimetravelaruba.online
driving inflation higher, 21 weeks remain $8K
even though the overall Call :0 11-297-6301307 Divi Village
pace of price increases johnnypaesch@gmail.com Eagle Beach
slowed a bit through the www.halleytimetravelaruba.online studio WK #7 and 8 room #3405
fall as gas prices eased. 12/14 weeks remain on the
But egg prices are up sig- Renaissance Ocean Suites contract
nificantly more than other Private islands Price :8K each
foods even more than 1 Br WK 51 and 52 Call :0 11-297-6301307
chicken or turkey because room #2314 johnnypaesch@gmail.com
egg farmers were hit hard- Garden view www.halleytimetravelaruba.online
er by the bird flu. More Price :$12K each
than 43 million of the 58 mil- Call :0 11-297-6301307 Divi Village
lion birds slaughtered over johnnypaesch@gmail.com Eagle Beach
the past year to control the www.halleytimetravelaruba.online studio WK #9 room#3307 $8K
virus have been egg-laying 14 weeks remain on the contract
chickens, including some Condo for sale studio WK #10 room #3203 $8K
farms with more than a mil- Bubali noord 10 weeks remain on the contract
lion birds apiece in major 2 Br 2bath town house Call :0 11-297-6301307
egg-producing states like 5 min drive to eagle beach johnnypaesch@gmail.com
Iowa. Price :$275K www.halleytimetravelaruba.online
Everyone who approaches Call :0 11-297-6301307 Great invest opportunity
the egg case a Hy-Vee johnnypaesch@gmail.com Bubali noord
grocery store in Omaha, www.halleytimetravelaruba.online 10 min walk to eagle Beach
“has a sour face,” said _______________________________216199 3 Br,, 1 bath, 2 Br 1 Bath,
shopper Nancy Stom. studio, 2 Br 2 Bath
But even with the cost in- all 4 properties for $550K
creases, eggs remain rela- Call :0 11-297-6301307
tively cheap compared to johnnypaesch@gmail.com
the price of other proteins www.halleytimetravelaruba.online
like chicken or beef, with a
pound of chicken breasts
going for $4.42 on average
in November and a pound
of ground beef selling for
$4.85, according to the Bu-
reau of Labor Statistics.
“It’s still an inexpensive
meal,” Stom said. But the
70-year-old said that at
these prices, she’ll watch
her eggs more closely in