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Jan 24, 2023
Farm Group Calls For Investigation Into High Egg Prices
Farm Group Calls For Investigation Into High Egg Prices
The price of eggs has skyrocketed, increasing the overall pain of Bidenflation on American consumers. One farm group is calling for the Federal Trade Commission (FTC) to investigate the price increase, perhaps due to price gouging. Is it bad behavior on the part of Big Egg or is it a combination of circumstances that has increased the price of eggs so noticeably? The price of eggs was up 138% year-over-year last month. The average price of a dozen eggs is about $4.25. Farmers blame the avian flu which is wiping out chickens across the country. Avian flu wiped out about 58 million birds last year. Farm Action, a nonprofit that campaigns against corporate influence in the farm industry, said there may be another reason. That reason is price gouging. America's largest egg producer saw a 600% gain in profits in the last quarter alone. The group sent a letter to FTC Chair Lina Khan claiming that Cal-Maine Foods, based in Mississippi, is engaging in "apparent price gouging, price co
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