The Justice Department Investigating The Soaring Egg Prices

Department investigators are looking into whether the major egg companies are sharing information about supply and pricing, possibly contributing to price increases, the sources said. Egg producers, including the industry’s trade association, have said the soaring prices are due to the avian flu. The investigation is being run out of the Antitrust Division of the Justice Department and won’t necessarily lead to any legal action. Last month, a group of Democratic lawmakers, including Sen. Elizabeth Warren, D-Mass., called on the administration to provide specifics on how it plans to lower food prices for families. “To make food more affordable, you should look to the dominant food and grocery companies that have made record profits on the backs of working families who have had to pay higher prices,” they wrote in the letter to President Donald Trump. “These companies often exploit crises like pandemics and avian flu outbreaks as an opportunity to raise prices beyond what is needed to cover rising costs.” Egg prices have doubled since January 2024 — and have skyrocketed over the last year. Wholesale shoppers like small businesses were paying over $8 for a dozen eggs last week. The latest Department of Agriculture report released on Friday said the national average wholesale price of eggs had dropped significantly to $6.85 per dozen.

Source: ABC News