I know it’s a symbolic thing he’s doing, but egg consumption per capita peaked in 2019, fell off during the pandemic, then rose steadily as we came out of it.
Demand for eggs grew in 2023 despite record high prices during a good chunk of the year.
Hotels, resorts, cruise ships, restaurants go through a LOT of eggs.
That consumption fall was *because of a reduction in supply* - not because of demand. It doesn't matter how much money you have - you can't eat eggs that don't exist. Starts to feel like you are of the same ilk as these bitcoin dopes - if we all buy bitcoin we'll all be rich, and we can all retire and take vacations to Hawaii - neglecting the fact that all the pilots and airport workers and hotel workers have retired as well.
When the avian flu cratered production *depite* the inelastic demand, that curve had to break and prices went up. Flocks have been rebuilt and prices are dropping rapidly. So yes, we are eating more eggs now (despite my joke and despite inelastic demand) simply because there are more eggs in existence. Producers cannot hold prices up because they had risen to the point where some people were simply forced to make substitutions - but given there is demand at a lower price point that is still profitable, producers are filling the void now that the flu has abated.
I eat eggs at restaurants. This may shock you but I also eat eggs at home.
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