Trade on Odds for Egg Prices This Month After Trump Touts Economic Success
By Paul Lebowitz in Politics News
Published:
- President Trump ticked off his list of accomplishments during his State of the Union speech, including a drop in egg prices
- Trump is and forever will be known for hyperbole and his grandiose rhetoric, never afraid to tout his own accomplishments
- Prediction markets are available for trading on egg prices and whether they will rise this month
President Trump has never shied away from taking credit, whether it’s warranted or not. For many, he exists in a world of endless accomplishments and nonexistent failures. Even his Chapter 11 bankruptcies (plural) are cast as a necessary evil of being a real estate developer and dealing with the vagaries of the economy and how it impacts family-run businesses like the Trump Organization.
It has undoubtedly served him well since enough people believe in the adjective “Trump” and its hype that they elected him president twice.*
*Three times, if you ask him.
Still, facts are facts. And math is the most objective determining factor for markets, purchasing power, and economics. Since a primary reason Trump was elected president again in 2024 was the cost of living and rising expenses, any price reduction is cause for celebration. Of particular importance were basics like eggs. In his recent State of the Union address, Trump touted his policies and how eggs and other proteins are far cheaper than they were when he walked back into the Oval Office.
Trump was telling the truth about eggs, and there was little exaggeration in what he said at the SOTU. According to the Bureau of Labor Statistics, the price of eggs has declined by around 59% from nearly one year ago. Trump said it had dropped by 60%. Remarkably close to accurate, not just for Trump, but for any politician. Even an economist would likely round it off to 60%. However, inconvenient facts say egg prices are being affected by supply and demand, and that Trump’s policies did not influence egg prices one way or the other.
This can always change at a moment’s notice based on issues like bird flu or a catastrophe of some kind.
Prediction markets offer options to trade on whether egg prices will rise by the end of February.
Will the Price of Eggs Increase in February?
On Valentine’s Day, the prediction markets had egg prices at around 20% to rise in February. Three days later, it had risen to nearly 40% before settling at approximately 33% and staying there.
This is one of those unusual instances where everyone — Republicans, Democrats, and even those who do not identify one way or the other and are relatively indifferent to politics in general — want egg prices to stay at their current levels or go lower.
A critical part of Health and Human Services (HHS) Secretary Robert F. Kennedy Jr.’s attempt to remake American dietary recommendations is to increase the consumption of protein. He has even advocated the Keto diet, which is heavily in favor of high protein, moderate fats, and low carbs.
Of course, RFK Jr.’s opinions and how he delivers them are even more polarizing than even President Trump, a known lover of fast food, not adhering to dietary advice from anyone other than maybe the Hamburglar.
As the month draws to a close, those who want to jump into the egg price market can do so using the Kalshi referral code, which will supply a $10 Sign Up Bonus once $10 in trades have been completed.
Egg Prices Unlikely to Rise in February
There are only a few days remaining in February. Apart from something sudden and devastating happening within the next day or so, is there time for the prices to spike sufficiently to go beyond what they were in January? Even the winter storms that put much of the Eastern part of the U.S. in a deep freeze did not cause widespread panic to stock staples like eggs. People couldn’t get out of their homes to go to the store, let alone strip the shelves bare.
While there is rampant displeasure, to be gentle, about many of Trump’s statements and policies, one thing that he can say with rare honesty is that the egg prices have dropped precipitously under his stewardship.
A breakout of bird flu would take time to trickle down to the markets and impact consumers. Reduced demand is also causing the decline in prices. Since Easter is coming fast and eggs are in heavy demand during the holiday celebrations, it could reduce supply and lead to a price spike. However, the current landscape is positive for egg-lovers, and it’s not likely change before the end of February.
Paul Lebowitz is a novelist, columnist, social commentator, and the author of eight published books on baseball – one novel and seven baseball guide/previews. He covers sports, politics, and pop culture. Paul graduated from Hunter College with a degree in English. He lives in New York City.