I mean no. The LIBOR analogy is appropriate. Large, long-term egg supply contracts are fixed to an index and that index was manipulated. That's criminal conspiracy and price fixing, not just a liquid market.
That's notably different from say the current scrum for HBM where the demand truly came as a surprise and scarce supply gets bid up.
Micron's windfall is justified and natural as these things go. The egg windfall was manufactured and criminal.
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I mean no. The LIBOR analogy is appropriate. Large, long-term egg supply contracts are fixed to an index and that index was manipulated. That's criminal conspiracy and price fixing, not just a liquid market.
That's notably different from say the current scrum for HBM where the demand truly came as a surprise and scarce supply gets bid up.
Micron's windfall is justified and natural as these things go. The egg windfall was manufactured and criminal.