Efficient Market Hypothesis, eh?
The proponents of this hypothesis posit that all participants to the market are perfectly rational and that they all have enough pertinent information about what is going on as to be able to reach reasonable business decisions.
Now consider this: ‘ten percent of the egg producers being wiped out results in a up to 85% hike in retail prices’.
Quite reasonably, don’t you think?
As for efficiency… maybe for the owners of the surviving ‘egg producers’…