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Egg prices soar, impacting bakeries and customers
Best F Channel
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1/9/2025
https://amzn.to/4dyFiAI
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Music
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00:00
Pretty much have to be brought like a security guard because they're so expensive.
00:04
With the price of eggs, Mark Burgos jokes the fridge at his La Flor de Yucatan bakery feels like a bank vault.
00:11
It's a piece that's rich in eggs.
00:14
Ready to be coming out.
00:16
And his king's cakes, or rosca de reyes in his ovens, are priced for a royal.
00:21
Last year, looking back, for the small one was $10, so now they're up to $14.
00:26
It's hard to keep changing prices.
00:29
People are used to seeing gas prices move up and down every day,
00:33
but people are not used to coming and having their daily sweets go up and down in prices like the gas.
00:39
So that's over $30 more a case.
00:42
He showed us skyrocketing invoices for eggs and says in 50 years in business in Pico Union,
00:48
the family bakery has never had to hunt for better prices on cases of 15 dozen.
00:54
They're already down to $50 a case, and then they just shot up.
00:58
They went $50, $60, $70, $90, $150.
01:03
Retailers blame bird flu, which has decimated flocks for the nationwide egg shortage and soaring prices.
01:09
But some farmers say seasonal molting is adding to the problem.
01:13
It's an eight-week period where they de-feather all their old feathers and grow in new ones.
01:19
While they're doing that, they're putting all their energy and all their hormones into that growth,
01:23
and they're not able to produce as many eggs.
01:26
This ruffs in West L.A. an apology to customers for limited supplies.
01:30
A dozen eggs here runs almost $9.
01:33
Trader Joe's in Santa Monica has eggs for as little as $2.99, if you can find them.
01:38
The store is saying they'd be back in stock this evening.
01:41
This other location only had jumbo pasture-raised organic eggs for $6.49.
01:46
Everything has a little bit of eggs.
01:48
Burgos can't afford to keep his shelves empty and worries the price of eggs
01:52
will make pastries too pricey for his customers in this heavily immigrant community.
01:57
I would definitely like to see, you know, the city or local officials investigate why our price is so high.
02:04
I mean, is this just what it is, or is it somebody being greedy?
02:08
So how long will these high prices stick around?
02:11
Well, the USDA says prices should come down slowly in 2025
02:15
and that the supply of eggs should rebound by the middle of the year.
02:19
In Pico Union, Christy Fajardo, Fox 11 News.
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