Summary
The Justice Department is investigating major egg producers over soaring prices, examining whether companies are sharing supply and pricing information.
The Antitrust Division’s investigation comes as egg prices doubled since January 2024, with wholesale prices reaching over $8 per dozen before recently dropping to $6.85.
Leading producer Cal-Maine Foods, which previously lost a price-fixing lawsuit, has seen rising profits.
Democratic lawmakers including Senator Elizabeth Warren have called on the Trump administration to address high food prices, alleging companies exploit crises like avian flu outbreaks.
It’s a chiconspiracy
Hey they did a good thing.
What? I thought this was Biden’s fault. What needs investigating? /s
Biden gave all the chickens LSD the same way Nixon used it to control Charles Manson.
They point to Biden euthanizing chickens as proof of Biden’s ill intentions. They forget that it was to prevent spread of bird flu which has mortality rate of 50%.
“The increases primarily resulted from significantly higher average egg selling prices, primarily due to the reduction in egg supply caused by HPAI and higher grain and other input costs, as some of our egg sales prices are based on formulas related to our costs of production,”
Why is there even an investigation needed? They literally say they made more profit because of higher egg prices. If it was supply and demand, their profits would reflect that. Just because there is a smaller supply doesn’t mean they automatically earn a bigger profit. It’s price gouging.
