It's mostly due to avian flu.
Eggs were held back to keep the flocks alive through the avian flu.
It will take another couple of months or so to finish raising the new generation of young chickens and make them adult egg-laying chickens. Then egg prices will drop (a lot). Per up-thread, this is apparently already happening on the wholesale level.
By the way, this guy Peter Zeihan is possibly the most insightful person who blogs on geo-politics, geography, and global macro-economics to the masses. Don't expect a graduate level seminar on YouTube, but this guy is good. Unlike most of these sorts of commentators, Zeihan is an optimist (at least when it comes to the USA, not so much for Europe or China). He used to be in an Austin-based think tank.
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Last edited: Feb 10, 2023