🥚 Stat of the Day: As you’ve probably heard by now, egg prices are higher than anyone within a 10-foot vicinity of Snoop Dogg. And those looking for a more quantitative idea of the supply-demand mismatch driving prices through the roof of the carton need look no further than at data from the Egg Clearinghouse, or ECI, which operates an online auction marketplace that connects volume sellers (farmers) with volume buyers (grocery stores, restaurants, etc.). ~1 billion eggs are bought and sold on the platform annually.

According to ECI president Alan Munroe, as documented in the Wall Street Journal, on any given day three years ago there would be ~50 farmers offering eggs and ~60 bids for them. One day in early February, there were ~10 suppliers offering eggs and ~200 bids for them.

🤔 Did You Know? Aristotle, Euclid, and other ancient Greek thinkers believed “1” wasn’t a number, but rather the essential building block from which all other numbers flowed.

📰 Worth a Read: How to understand things → (Big Think)