In a major sign of economic and consumer trouble, egg prices in America “are spiraling out of control,” reaching $6.23 per dozen in March and marking three consecutive months of unprecedented costs.
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This crisis comes despite recent progress in controlling avian flu outbreaks that have severely impacted supply.
Analysts pinpoint both avian flu effects and potential price gouging by leading egg producers as key exacerbators.
Cal-Maine, the largest egg producer in the U.S., has boasted record sales and profits, pulling in over $1 billion in windfall income during the first three quarters of the financial year.
Profits have more than tripled compared to the same period last year.
Meanwhile, consumer advocates demand action against what they see as price-fixing by major egg corporations.
Responding to these allegations, the Trump administration has launched an anti-trust investigation into possible collusion.
There’s mounting evidence suggesting that price manipulation is afoot, further fueling public frustration.
“Egg prices are spiraling out of control, laying bare the cracks in our corporate food system. To lower egg prices, the Trump administration must take on the food monopolies, hasten and prioritize its investigation into corporate price fixing, and stop the spread of factory farms,” Amanda Starbuck, research director of Food & Water Watch, a consumer advocacy group, told The Guardian.
Egg prices have become a hot topic since the 2024 election, with President Trump emphasizing inflation issues tied to Biden’s economic strategies.
Despite wholesale egg prices dropping to $3.26 per dozen in March, retail prices have yet to reflect this change, adding another layer of complexity for consumers.
As Easter approaches, demand for eggs traditionally spikes, contributing to price hikes.
However, experts predict a potential decline in egg purchases post-holiday.
The recovery of farms previously affected by bird flu remains gradual, creating a notable lag in supply chain adjustments.
“Inflation is down, jobs are up, and the Golden Age of America is underway. President Trump continues to undo the damage done by Joe Biden, and core inflation declined for the second month in row—great news for American families and businesses,” said White House Press Secretary Karoline Leavitt.
Egg prices hit a record $6.23/dozen. DOJ is investigating top egg producer Cal-Maine Foods for potential price manipulation amid soaring costs.#EggPrices #Inflation #Recession #CalMaineFoods #Economy pic.twitter.com/oHrNenni6G
— The Financial Daily | Your Trusted Finance News (@findailyupdate) April 10, 2025
