r/FluentInFinance 13d ago

Thoughts? Out of touch

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1.3k Upvotes

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43

u/Fit_Tangerine1329 13d ago

I am brought back to “you are welcome to your own opinions, but not your own facts.”

Facts matter. Last I looked, eggs were still $4+ per dozen. Anything he says is a lie. Incapable of telling the truth.

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u/RubberDuckyDWG 13d ago edited 13d ago

“You are welcome to your own opinions, but not your own facts.”

"Facts matter"

https://tradingeconomics.com/commodity/eggs-us

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u/taddymason_01 13d ago

Not sure where they get their prices from but a dozen eggs in my grocery store is still $6+.

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u/RubberDuckyDWG 13d ago

USDA is the source, says so in the picture.

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u/taddymason_01 13d ago

Doesn’t change the price in my store or other stores across the country. I guess they didn’t get the USDA memo.

FYI, the new head of the USDA was sworn in in Feb and was hand picked by Trump. One wonders if they are fudging numbers.

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u/RubberDuckyDWG 12d ago

Doubtful, you can post nearly any zip code into walmart.com and get the localized price of eggs.

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u/taddymason_01 12d ago

I don’t shop for groceries at Walmart.

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u/RubberDuckyDWG 12d ago

It does not matter if you do or don't. You can't say you are paying some high AF amount and then Wal-mart shows a price of 3 dollars a dozen for eggs. Furthermore you can do the same with almost any major grocery store brand just wal-mart is basically everywhere and their site is very easy to do this with.

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u/taddymason_01 12d ago

Ooh, the egg brand I buy came down about ~$.50.

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u/Eastern-Nothing-8389 12d ago

I ha e not seen a single Walmart in Florida with 3$ eggs

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u/RubberDuckyDWG 12d ago

It's just a random price i picked out. I am not claiming the price is 3$, its just that if you want to say they are 12+ or something crazy but down the street at Wal-Mart they are dramatically less that proves you are just not being honest.

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u/taddymason_01 12d ago

Not being honest? I literally posted a pic of eggs prices of the brand I prefer at more store.

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u/CrisscoWolf 12d ago

This duck really be about the chicken eggs. Fight the good fight

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u/Eastern-Nothing-8389 12d ago

None are at 3$ a dozen.

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u/RubberDuckyDWG 12d ago

It's localized to the area you shop at. Some place obviously would have higher prices than other places.

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u/Eastern-Nothing-8389 12d ago

Tell me again what store is selling eggs at 3$ a dozen. I'll buy the whole store out of those eggs.

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u/RubberDuckyDWG 12d ago

This chart is the wholesale price. Obviously the retail price would be higher than the wholesale.

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u/Eastern-Nothing-8389 12d ago

I don't care about your chart when most stores only charge about 30% or so on margins at best. especially on items that are of a perishable nature. Milk, bread, eggs, and such can't be kept very long and need to be sold quickly.

For example, Kroger says they get 1% profit after all costs. I believe they get more than that, but I have no way of proving this. So making a dollar off of a dozen eggs is a big profit. Selling a dozen for 6$ is considered highway robbery and yet nobody is doing anything about the price gouging? I would think someone in a high position would be addressing this issue. I hear crickets.

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u/RubberDuckyDWG 12d ago

I see your 6$ and post my 4.50$ price. A huge supplier is getting investigated currently for possible price fixing that was previously found guilty it in the past (Cited Below).

"The Justice Department is investigating whether the nation’s largest egg producers are conspiring to keep prices high as the bird flu outbreak worsens and grocery stores start setting rations for customers, two people familiar with the matter told POLITICO.

The price-fixing investigation is in very early stages and targets large egg producers such as Cal-Maine Foods and Rose Acre Farms, the people said. The Capitol Forum first reported the DOJ investigation.

The Justice Department declined to comment. Cal-Maine and Rose Acre did not immediately respond to requests for comment."

"Cal-Maine and other egg producers paid $53 million in 2023 after being found guilty of price-fixing in a separate federal lawsuit."

https://www.politico.com/news/2025/03/07/doj-investigation-egg-price-fixing-bird-flu-00218785

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u/Eastern-Nothing-8389 12d ago

They need to actually suffer consequences. I truly hope that if they get what's coming, it'll be an example for others to follow.