Dollar Tree has decided that they're gonna stop selling eggs because of the price of eggs.
Sally: Yes. And it's quite a time to stop selling eggs with Easter right around the corner. And we know that that's a really popular time for people to be buying eggs. But because the cost of the eggs has increased 60%, that they're going to pause on selling eggs, until later in the year.
Phil: But here's what I don't understand. There's this whole avian flu, eggs are now on average about $5 a dozen. They were about a year and a half ago, about a buck 99 in some cases here in Los Angeles, they're actually $7 a dozen. But here's what I don't understand. The bird flu started January of 2022. So we're now a year and three months into it, it only takes 18 weeks for a hen to be born and start laying eggs. So I don't get it. Why don't we have all these eggs and not have these issues? So Dollar Tree, they're on a rapid tear, growing, and I think that this is probably more of a PR stunt than anything else. Also on food news today, there's a story, just go to supermarketguru.com - food news today tab that basically talks about the fact that RFID tags for livestock management will grow almost 10% between 2022 and 2027. A lot of that is with cattle, but also with poultry. So I think that, what we're really seeing is farmers struggling for animals, whether it's cows for beef or whether it's eggs. And I just don't understand why we have this issue. Again, 18 weeks to grow a hen to start to lay eggs. And we're now 65 weeks into it, where's all the chickens?
Sally: Well, yes, and one thing that we're hearing about the business of raising chickens is that we have so many chickens being raised, but we only have a few people actually managing large amounts of animals. And so the point of radio frequency identification tags would, to, would be to help them manage the wellness of these animals, easier with these tags is I believe the goal with this.
Phil: Yeah, I, I'm just really concerned. And I think that, to be honest with you, there's a little price gouging going on here. We've seen it with major food companies and now I think we're seeing it with egg producers.