iBankCoin

Egg Prices Hit Record Highs, Just in Time for Halloween

I don’t know about you, but when I was a kid, there wasn’t any trick of treating taking place in my neighborhood. We’d put on Jason masks and fill book bags with dozens of eggs and then attack other blocks with a maelstrom of poultry embryos that were so plentiful: they’d blot out the sun.

We’d also take shaving cream bottles and attach RAID bug spray caps to them, or aerosol caps, to make the shaving cream spray far and wide, so that we could destroy people with it. Back in my days (extra 80s), eggs were cheap. We didn’t give a shit about them. We’d hit people in the heads with them, and then laugh.

Nowadays, eggs are like caviar, expensive and rare. Thanks to exotic animal diseases, effectively wiping out 50 fucking million chickens this year, egg prices are through the roof– up 52% from the lows of 2015.

Get this, egg prices rose 32% in June alone, and now stand at the absurd price of $2.97 a dozen.

Fuck.

If I was a kid preparing for halloween now, my mother would smack me in the mouth if I asked for 3 bucks so that I could crack some eggs over Joey’s face.

The best way to play this is via CALM. Look at the profit ramp.
eggs

Stay $CALM and eat eggs. Sorry I had to say it.

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7 comments

  1. Option Addict

    36% of that $CALM float is short. Hmmm

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  2. ctb007

    Glorious I am long the incredible edible egg!

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  3. halfbloodpope

    Just went to local farm for lunch with the family. Farmer told me he will have no fresh turkeys this year, usually 500, due to the avian flu.

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  4. woj

    Eggs, the inverse energy play.

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  5. sarjoy

    why are so many short $CALM (32.25% of float). ROE is great, OPM is great, P/S ratio 1.50, cash stands at $446.5 million while total debt is only $42.5 million. Dividend yield is just north of 7%. What do the smart people know that we don’t?

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  6. woj

    Still amazed at the energy sector. To think I made good money on $EMES $110 calls just 14 months ago is insane. The stock is at $7 now.

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  7. woj

    AAPL coiled, big move coming

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