Of those general factors, weather is the most important. Storms,
rain and cold in the egg producing region decrease the lay, lower
supplies and raise the price. This is due both to the fact that
laying is cut down and that the country roads become impassable and
the farmers do not bring the eggs to town. As long as there are
storage eggs in the warehouses weather conditions are not so
effective, but when these are gone, which is usually about the first
of the year, the egg market becomes highly sensitive to all weather
changes. Suppose late in February storms and snows force up the
price of eggs. This is followed by a warm spell which starts the
March lay. The roads, meanwhile, are in a quagmire from melting
snows. When they do dry up eggs come to town by the wagon loads. A
drop of ten cents or more may occur on such occasions within a day
or two's time. This is known as the spring drop and for one to get
caught with eggs on hand means heavy losses.
When once eggs have suffered this drop to the spring level or the
storage price for the season, the prices for April, May and June
will remain fairly steady. About the last week in June the summer
climb begins. This goes on very steadily with local variation of
about the same as those of the spring months. The storage eggs begin
to come out in August and at first sell about the same as fresh. As
the season advances the fresh product continues to rise in price.
The storage egg price will remain fairly uniform. By November the season
of high prices is reached. If storage eggs are still plentiful and the
weather is mild sudden variations in price may occur. These are caused
by a fear that the storage eggs will not all be consumed before spring.
If an oversupply of eggs have been stored a warm spell in winter will
make a heavy drop in the market, but if storage eggs are scarce the
sudden variations will be up-shots due to cold waves. From November
until spring egg prices are a creature of the weather maps and sudden
jumps from 5 to 10 cents may occur at any time.
[Illustration: Plate IV. Page 159. Graphs of egg prices and volume
of egg sales as they vary throughout the year.]
The price curve of 1908, which is represented by the dotted line in
plate IV will illustrate these general principles. In the lower
portion of plate IV is given the curves for the New York receipts.
The heavy line represents the smoothed or normal curve, deduced from
eighteen years' statistics and calculated for the year 1908. The
dotted line shows the actual receipts of 1908. A comparison week by
week of the receipts and price will show the detailed workings of
the law of supply and demand.
Public-domain text, read in full here on John Shaqi.
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