What every story has carefully omitted is, "How much corn is used to produce a dozen eggs?" The answer is, not much.
For a dozen eggs, about 4 pounds of corn is used for feed. Remembering that a $4.00 bushel of corn contains a whopping 56 pounds, that's about 28 cents per dozen.
The recent run up in egg costs of $1.00 to $2.00 per dozen can not be justified on the minor increase in corn cost to egg production. Energy marketing, labor costs and increased demand all play much bigger roles in the recent food cost increases.
In this case, the general media has laid a giant egg with the facts.
Source: USDA Report (Page 60, MSWord .doc)
- Strong Demand Driving Higher Egg Prices
- Marketing and Demand are Key Drivers of Food Price Increases
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- How America Stacks Up on Food Costs
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