While the cost of food is on the decline, breakfast lovers continue to reel from their dented wallets as the price of eggs and orange juice remain up.
Inflation has not been kind to the egg aficionados with prices as high as $7.37 for a dozen in states like California as recently as December and there are currently no signs of reprieve. Elsewhere, prices are cheaper than those in the Golden State but still expensive relative to the area. In December, the average U.S. price of eggs was $4.25
Supply chain disruptions have been identified as at least one of the issues causing prices to remain high but the avian bird flu has really wreaked havoc on the poultry industry. Right now, the market is experiencing the worst cases of bird flu and as a result more than 44 million egg-laying hens have died.
The issue is compounded when chickens that are at risk of contracting bird flu are euthanized in an effort to mitigate the spread. The New York Times reported that the depopulating of healthy birds on top of those that have succumbed to illness has slashed the nation's egg supply by more than 7 percent.
With egg demand peaking in December, customers could see a dropoff in price in the coming months.
While your scrambled eggs might cost a little less in the future, if you want to wash them down with some OJ, it will cost you.
Florida is currently experiencing its smallest citrus crop since the 1936-1937 season and it all started in early 2022. A January deep freeze in the sunshine state stunted growth of fruits, then Hurricane Ian bombarded the state and it was hit with another major hurricane in Nicole two months later in November.
The biggest culprit in the rise in cost of Florida oranges is the ongoing citrus tree disease. The disease, which causes leaves and fruit to drop prematurely, is typically spread via major rain events like hurricanes or through insects.
The U.S. Department of Agriculture anticipates around 20 million boxes of oranges to be produced this year, which is a 51 percent drop off from 2022.
Sweta Chakraborty, U.S. President of We Don't Have Time and climate change expert, joins Cheddar News to discuss how mining the proper resources for the clean energy sector is crucial.
Throughout 2021, several Americans found themselves finding a renewed emphasis on what work-life balance looked like. The labor market experienced several people either quitting their jobs or leaving the workforce altogether. Editor at Labor Notes Alexandra Bradbury, joined Cheddar to discuss more.
Whitney Johnson, CEO of human capital consultancy Disruption Advisors and author of 'SMART GROWTH: How to Grow Your People to Grow Your Company', joins Cheddar News to discuss the rise in entrepreneurship and explores new opportunities to grow personally and professionally.
Two major high profile cases on opposite ends of the country, as they both now lie in the hands of the jury. In New York, jury deliberations continue in the sex trafficking trial of Jeffrey Epstein's longtime partner, Ghislaine Maxwell. Jurors in the Ghislaine Maxwell trial will be back to deliberate just a day after the judge told asked them to stay for an extra hour, as they signaled they're still far from a verdict in that sex trafficking case. The Elizabeth Holmes jury also apparently no closer to a verdict after five days of deliberations as well. Florina Altshiler criminal defense attorney & former prosecutor spoke to Cheddar about the latest on the cases.
2021 proved that crypto currency is here to stay. This year saw more and more adoptions of crypto, from top athletes looking to be paid in bitcoin, to Elon Musk even experimenting with bitcoin and dogecoin payments for a bit over at Tesla. And it wasn't all bitcoin either - other cryptos like Cardano and Solana saw some action in 2021 as well. Patrick McConlogue, CEO of Overline and former Citadel Investment Group Engineer explains why 2021 was such a good year for crypto, and what to expect in 2022.
The S&P CoreLogic Case-Shiller 20-city home price index showed an 18.4 percent surge in October as the housing market continues to boom. October's levels are a slight downturn from the roughly 19 percent increase the index saw in September, but come roughly in line with economist expectations. Michael J. Romer, Managing Partner, Romer Debbas joined Wake Up with Cheddar to discuss.
U.S. airlines have canceled more than 6,000 flights since Christmas eve, causing headaches for travelers.
Airlines cited staffing shortages amid the omicron outbreak as the primary reason for the interruptions to service. The cancellations come at the busiest time of year for air travel. Steve Shur, President, The Travel Technology Association joined Wake Up with Cheddar to discuss.
Adult-use cannabis sales kicked off in Nevada in 2017, but four years later, there isn’t a legal way for the 40 million tourists who visit the state annually to consume. That’s all about to change. Following the passage in June of a bill to legalize consumption lounges, the world’s largest dispensary, Planet 13, is planning a cannabis club as extravagant as Las Vegas. Cheddar’s Chloe Aiello visited the cannabis entertainment complex to find out more.
Guerdy Abraira, Global Event Planner and 'The Real Housewives of Miami' cast member joins Cheddar News to discuss the latest season as well as making the most out of your NYE celebrations.
