The Justice Department is in the early stages of investigating the major egg producers over soaring egg prices, source familiar with the matter told ABC News.
Emily Metz, the president and CEO of American Egg Board, which represents egg producers nationwide, said any suggestion that egg price increases are due to price gouging is a "misreading of facts and reality."
Tangentially related ...
What's cheaper in the US: the chicken or the egg?
www.newsnationnow.com
... With egg prices at a record high, the price of a chicken is about the same as the price of dozen eggs, but how long would it take the savings from not buying eggs to offset the cost of keeping chickens?
Amid an ongoing bird flu outbreak, egg prices reached a national record high last month of $4.95 per dozen. Egg prices are expected to get even higher this year, according to predictions from the U.S. Department of Agriculture, with a spike expected around the Easter holiday.
Some restaurants have even added surcharges to their menus to offset the cost, leaving some people wondering if they should just raise their own chickens.
The price of a female chick isn't that expensive"about $5-8 from big-name retailers like Rural King and Tractor Supply"but that's not the only expense.
A person raising chickens for the first time will need to buy at least three to six chicks because chickens need to live in groups, and according to Tractor Supply's new chick care checklist, the keeper will also need a bunch of supplies, including a coop, feeder, heat lamp, bedding, and cleaning products. ...
... more related? ...
Egg prices rising partly the fault of corporations: Report
www.newsnationnow.com
... Egg shortages and high prices have largely been blamed on an outbreak of bird flu, but a new watchdog report says companies are creating the crisis by price gouging their customers.
According to data from the United States Department of Agriculture, the price of eggs has nearly doubled in the last six weeks, with the average cost of a dozen at around $8.
Bird flu has "slightly reduced" egg production, but "corporate greed has also played a major role," a report from Food and Water Watch published Wednesday said. ...
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