Eggs are a $10 billion business, and consumer preferences for cage-free eggs affect producers, vendors, and diners alike.
Cage-free eggs are more expensive to produce, but sales are growing.
So producers have larger capital expenditures...
...which consumers will pay for...
...but as more companies commit to cage-free eggs, the cost to produce and consume them may lessen.
Sources: Nielsen (cage and cage-free sales and unit data); Egg Industry magazine (top egg producers); Bloomberg (operating margin, capital expenditure); United Egg Producers (cost per hen); Urner Barry (wholesale); Humane Society (cage-free companies, egg definitions)
This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
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