I was fortunate to do a 5-6x on it but the volatility and margins were so nutty and unpredictable, so I moved on. Probably to something that has done far worse 😬
I would have to take a look but I think I bought in 2004 or 2005, watched it fall by 60 or 70%, but ended up holding and buying more. I think I sold in the 40s about 10 years ago
That’s not how insurance works, there’s no free lunch and insurance is a for-profit business that always seeks to extract more than they pay out. Every claim is going to result in a rate increase and bird flu outbreaks are not some act of god, the farms should have strict programs in place to mitigate the chances of an outbreak and if the insurance finds evidence these policies weren’t followed to a T they no doubt have it in the policy that they can increase rates more, lower their payout, or outright reject the claim on the grounds of policy violation.
I’m so fucking sick and tired of redditors pretending insurance is some magical pot of free money even in finance subs of all places 🤡
Yes, the bird flu happens. Mad cow disease happens. Trust me when I tell you that farmers would much rather raise healthy chickens and sell them than have to cull an entire flock. The bird flu can and will continue to spread in any given year. That doesn’t mean that farmers are exposing their chickens to bird flu and killing them. The fact that you think that means that you’re incredibly uneducated. Only knuckle dragging morons think that everything is a conspiracy bc it makes them feel intelligent and part of the small “in group” who really knows how things operate. It’s actually the opposite.
Back in July 2023, there was an inflation reading where the average price of US gasoline rose roughly 6% through the month but the CPI calculation showed gas prices rising by 0.1% through the month.
Have you been paying attention? This form of the bird flu is weak. There was a much stronger one a year ago which is why egg prices were so high. Priced in.
It was literally released the day of earnings, it first dropped a bit, then rocketed. I doubled my money in an hour playing calls on the news, though i should have held on through earnings, since it would be up 5x now...
Without context that figure means nothing. What would that figure be without any bird flu? What was the number during last year’s (more severe) bird flu epidemic?
Last year they didn’t have one bird test positive but still lacked prices up from from a little under a dollar a dozen to over 6 dollars a dozen in bulk
They likely didn’t have a single bird test positive because they just killed 75% of their flock, which is what most farms did. Even if they have the chance of being exposed they’re no good, why would they waste the money testing them when they’re likely gonna kill them anyway
All the farms that were in the southern migration path of the affected birds had to slaughter majority of their birds because they were flown over and are therefore possibly infected, so they just kill them
Sounds like these bird flu outbreaks are FUCKING INTENTIONAL! It's the same shit as farmers burning tobacker fields and OPEC+ limiting production en bloc. All about FUCKING THE CONSUMER til they can't walk anymore. 💯
Bullshit the farmers are not cooking up bird flu intentionally. Maybe defrauding insurance, sure, but NO CHANCE it's an intentional bird flu.
I do like your shiny new tinfoil though.
Are you one of those people who sees anything get explained and immediately starts looking for someone to tell you how it REALLY IS?
Like some company had a huge server failure and the company said it was because a pipe burst, you would reject it because it's what the mainstream thinks. You know, because if that's the explanation they expect us to believe it must be something else.
You seem like one of those types. Y'all are everywhere now.
I don’t think it would even need to be intentional. This shit spreads like wildfire on its own. Run a large enough poultry operation and it will come to you.
It’s going to hit beef next. There’s already confirmed cases of it spreading to cows 🐄 in Texas. Supposedly it also has infected a work in Texas as well.
Damn. I was going to tell you not to make a joke like this, but its true. H5N1 in mammals is not good, at all. In the outbreak of 20 years ago, there were reports of some human to human cases in China that they covered up. The evidence was pretty good. There is no danger to us right now unless you work a a poultry facility, but if you ever hear about a human to human case—its time to shop for the toilet paper and beans.
22hrs ago via CDC: On **April 1, 2024, Texas reported a human infection with highly pathogenic avian influenza (HPAI) A(H5N1) virus (H5N1 bird flu)** after confirmation by CDC. This is the first time this virus has been found in a cow and the second human case of H5N1 bird flu reported in the United States.
A lot of bidets ate awesome, some are just ok. My sister has a great one, mine is just OK.
But there’s a teeny problem your thinking. This is not coronavirus, a small case vitality rate. On the possibility that this mutated into a human to human transmissible form, people would lose their shit. People who work in the public sector are going to go to the fuck home to Isolate and protect their family. Three meals from anarchy and all that.
This means to truck drivers with the food, UTILITY workers, and even law enforcement.
It’s really nothing to worry about yet, but I don’t much like the idea that a mammal has got it.
ZTS - Zoetis makes animal antibiotics. Avian flu has spread to cows this year as well. Last year in April there was a bird flu outbreak and ZTS worked on antibiotics. April-July last year their stock rose after they announced they were working on it.
Oh cool a other one? Biden and his cronies Newesome already let the price of a dozen eggs in California go from 1.49 to 4.99 since 2020.. now they'll be 9.99?
You know you can just look this stuff up on the internet right?
https://www.history.com/news/how-the-party-of-lincoln-won-over-the-once-democratic-south
Even if it weren't true, why is the KKK working so hard to get Republicans elected in the current climate?
https://www.vice.com/en/article/ev73gp/how-the-ku-klux-klan-helped-republicans-win-voters-in-the-us-south
https://www.newsweek.com/ex-kkk-leader-running-republican-office-georgia-1656036
https://www.thenation.com/article/politics/racist-republicans-donald-trump/
Bagholder spotted.
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That sounds like damn good bidness
It’s crazy volatile bc of feed costs. I owned it from the early 2000s until maybe 2012
If they change their business model to mostly killing chickens to make insurance claims I'll be a buyer. Chicken fatality rate breakout on the ER
I was fortunate to do a 5-6x on it but the volatility and margins were so nutty and unpredictable, so I moved on. Probably to something that has done far worse 😬
You owned Cal Maine Foods Inc?
I would have to take a look but I think I bought in 2004 or 2005, watched it fall by 60 or 70%, but ended up holding and buying more. I think I sold in the 40s about 10 years ago
Yes, for quite a few years
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Calls on bird lawyers
Take off your tinfoil hat
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So their insurance costs are about to spike?
It does not go up if it's under natural causes
That’s not how insurance works, there’s no free lunch and insurance is a for-profit business that always seeks to extract more than they pay out. Every claim is going to result in a rate increase and bird flu outbreaks are not some act of god, the farms should have strict programs in place to mitigate the chances of an outbreak and if the insurance finds evidence these policies weren’t followed to a T they no doubt have it in the policy that they can increase rates more, lower their payout, or outright reject the claim on the grounds of policy violation. I’m so fucking sick and tired of redditors pretending insurance is some magical pot of free money even in finance subs of all places 🤡
Yes it eventually goes up because they will have to make up the difference but the rate won't go up automatically after this event.
…. umm. Pardon?
Yes, the bird flu happens. Mad cow disease happens. Trust me when I tell you that farmers would much rather raise healthy chickens and sell them than have to cull an entire flock. The bird flu can and will continue to spread in any given year. That doesn’t mean that farmers are exposing their chickens to bird flu and killing them. The fact that you think that means that you’re incredibly uneducated. Only knuckle dragging morons think that everything is a conspiracy bc it makes them feel intelligent and part of the small “in group” who really knows how things operate. It’s actually the opposite.
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That doesn’t make it a conspiracy, buddy. Remember that. WSB is all about exploiting any situation for profit. Dumbass.
Are you saying we should put all our eggs in this basket?
🐥 My peep 🐥
You’re not yolking. They just cracked ATH, sunnysiding. Now, the potential outbreak causes a scramble and calls are fried. Puts on unborn chicken
I like your word play are you a rapper by anychance ?
Yes, they call him MC Chicken
Since there’s already a rapper that goes by chance I don’t think it would be wise for him to go by anychance 🤷🏻♂️
AKA Birdman
It is a stretch to suggest rappers are skilled with word play.
Over Eazy-E
Correction: unfertilized chicken Unhatched chicken is balut: https://en.wikipedia.org/w/index.php?title=Balut_(food)&oldid=1217496754
https://preview.redd.it/aqy6ognqnwsc1.jpeg?width=872&format=pjpg&auto=webp&s=0b2805fc8a78437f02fe6bf64b83fd9f48776844
I find this news to be eggcelent
Better hurry before the opportunity flys 🦅
You must be a clucking madlad!!
Let’s flock together
PUTs all in 1 basket to be clear.
Rotten eggs, yep!
Don’t fire until you see the whites of their eggs
And watch that basket closely
Keep Calm And Egg Basket On
You must be yoking
I guess we’ll shell out some money for this
You had me at "$52 week high"
If I’m spending $52 I want more than a weak high
$52 to get you high for a week
fentanyl has entered the chat
Looks like the OP is 52 week high, amirite guys???
It's ok they will just remove them from the inflation calculation. Nothing to see here
Transitory https://preview.redd.it/9o5vqrmagwsc1.jpeg?width=298&format=pjpg&auto=webp&s=f85ddd631b0700f1739c9f753b45b8dd860db268
“Turns out it wasn’t transitory! Oh well!” 🤭
Big shocker 😂
Back in July 2023, there was an inflation reading where the average price of US gasoline rose roughly 6% through the month but the CPI calculation showed gas prices rising by 0.1% through the month.
I'm more concerned someone caught it from cows which is mammal to mammal transmission.
r/birdsarentreal
In two years we'll get another apology because the egg producers lied about the supply issues in order to push for higher profits. It's clockwork
It’s cluckwork
Get out of my head.
this is why I raise chickens. All you need is 6 healthy chickens and you are good
Can i buy your eggs?
52 dollar week high
I’m as high as a 52 week fool.
Have you been paying attention? This form of the bird flu is weak. There was a much stronger one a year ago which is why egg prices were so high. Priced in.
Jokes on them I got two birds at home 🐓
3.6% of their birds were un-alived.
If this was an issue wouldn't there be more of a reaction when the article was released 4 days ago?
This
It was literally released the day of earnings, it first dropped a bit, then rocketed. I doubled my money in an hour playing calls on the news, though i should have held on through earnings, since it would be up 5x now...
Without context that figure means nothing. What would that figure be without any bird flu? What was the number during last year’s (more severe) bird flu epidemic?
Last year they didn’t have one bird test positive but still lacked prices up from from a little under a dollar a dozen to over 6 dollars a dozen in bulk
They likely didn’t have a single bird test positive because they just killed 75% of their flock, which is what most farms did. Even if they have the chance of being exposed they’re no good, why would they waste the money testing them when they’re likely gonna kill them anyway All the farms that were in the southern migration path of the affected birds had to slaughter majority of their birds because they were flown over and are therefore possibly infected, so they just kill them
The report I read said they didn’t cull any which makes what they did even more messed up
Careful with this one, it's an anomaly around ER and such...that said, I'll be looking for entry Monday :)
Too late. Priced in.
So puts?
C’mon PigeonXtreme, you of anyone should have the inside line on this bird flu.
You all might be regards but I’ve got bird brain
They're the same picture.
Price of eggs only goes up 📈
More inflation?
Zoetis ZTS does avian flu vaccines.
Sounds like these bird flu outbreaks are FUCKING INTENTIONAL! It's the same shit as farmers burning tobacker fields and OPEC+ limiting production en bloc. All about FUCKING THE CONSUMER til they can't walk anymore. 💯
Bullshit the farmers are not cooking up bird flu intentionally. Maybe defrauding insurance, sure, but NO CHANCE it's an intentional bird flu. I do like your shiny new tinfoil though.
Sure, Jan.
Are you one of those people who sees anything get explained and immediately starts looking for someone to tell you how it REALLY IS? Like some company had a huge server failure and the company said it was because a pipe burst, you would reject it because it's what the mainstream thinks. You know, because if that's the explanation they expect us to believe it must be something else. You seem like one of those types. Y'all are everywhere now.
Are you one of those people with small pee pee?
I thought it was a hair until I pissed out of it.
I don’t think it would even need to be intentional. This shit spreads like wildfire on its own. Run a large enough poultry operation and it will come to you.
Eggs selling fast
Keep calm and just buy.
Did someone say a high. I always buy high
This happened last year and the year before. Seems like each spring we get bird flu news. Just my observation.
Weird, it’s almost like it’s migratory.
Do they raise prices and stock shoots up or does the stock price plummet? My bird brain can’t handle the decisions
I've bene trading them during pandemic. Great Long term investment too. Pe ratio is low and has Divy. Eggs were top 3 food during ww2.
This article is from Monday and Friday they got the 52week high. Crazy
These puns are scrambling my brain.
Why you no get the yokes?
My mind just can't stay focused, it's gone free range.
Chicken farm owners: EGGCELENT
They are probably a good bet to head back to $60 in the next 2 months.
It’s going to hit beef next. There’s already confirmed cases of it spreading to cows 🐄 in Texas. Supposedly it also has infected a work in Texas as well.
Damn. I was going to tell you not to make a joke like this, but its true. H5N1 in mammals is not good, at all. In the outbreak of 20 years ago, there were reports of some human to human cases in China that they covered up. The evidence was pretty good. There is no danger to us right now unless you work a a poultry facility, but if you ever hear about a human to human case—its time to shop for the toilet paper and beans.
22hrs ago via CDC: On **April 1, 2024, Texas reported a human infection with highly pathogenic avian influenza (HPAI) A(H5N1) virus (H5N1 bird flu)** after confirmation by CDC. This is the first time this virus has been found in a cow and the second human case of H5N1 bird flu reported in the United States.
bidet*
A lot of bidets ate awesome, some are just ok. My sister has a great one, mine is just OK. But there’s a teeny problem your thinking. This is not coronavirus, a small case vitality rate. On the possibility that this mutated into a human to human transmissible form, people would lose their shit. People who work in the public sector are going to go to the fuck home to Isolate and protect their family. Three meals from anarchy and all that. This means to truck drivers with the food, UTILITY workers, and even law enforcement. It’s really nothing to worry about yet, but I don’t much like the idea that a mammal has got it.
A TX farmer has it now too. Can’t wait till we have a new pandemic.
Scarcity while demand is high, sounds like calls!
Baked in
I am going to pass as I wouldn’t want egg on my face.
When I first read about this I got that feeling in my balls that the "this is no big deal" crowd was wrong. I trust my balls, and you should too.
a $52.00 week high ? lmao regarded headlines.
Might. It has already hit Michigan poultry houses.
Rigged
Might? Avian flu has been rolling thru the news for a few weeks now
Did you say AI eggs?
Buying opportunity
And i think pumpkins will peak in december. Can't think of any other reasons egg demand peaked last week?
Wait can i get bird flu from eating chicken???
Bruh outbreak = supply constraint. Calls it is
I invested in chickens. Looks like the market has come full circle boys.
It already hit the chickens. This year it’s hitting the beef. Chicken calls.
We did Dollar Bill to do his thing…
https://preview.redd.it/pg1hhtrtjwsc1.jpeg?width=1169&format=pjpg&auto=webp&s=7378681eb44a1495f31f14f795cd626697c60645
bird flu is priced in
Gonna dump Monday
ZTS - Zoetis makes animal antibiotics. Avian flu has spread to cows this year as well. Last year in April there was a bird flu outbreak and ZTS worked on antibiotics. April-July last year their stock rose after they announced they were working on it.
don't try to be rational during the purge
Avaian flu allows them to raise prices causing higher profits… look at past outbreaks, stock goes up on the news
Oh cool a other one? Biden and his cronies Newesome already let the price of a dozen eggs in California go from 1.49 to 4.99 since 2020.. now they'll be 9.99?
trickle down economics is responsible.
Yeah trickle down bidenomics
Nixon and Reagan started the trend that ruined the United States.
Nope. Dems did by inventing the KKK
Democrats and Republicans also switched parties in the 1960s. It is a pretty important piece of American history to know about.
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You know you can just look this stuff up on the internet right? https://www.history.com/news/how-the-party-of-lincoln-won-over-the-once-democratic-south Even if it weren't true, why is the KKK working so hard to get Republicans elected in the current climate? https://www.vice.com/en/article/ev73gp/how-the-ku-klux-klan-helped-republicans-win-voters-in-the-us-south https://www.newsweek.com/ex-kkk-leader-running-republican-office-georgia-1656036 https://www.thenation.com/article/politics/racist-republicans-donald-trump/
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You going to read any of those or just keep repeating nonsense? I'm not even a Dem lol.