NBC News is tracking changes in the prices of eggs, bread, ground beef, chicken and other grocery items to monitor the impact on consumers’ food bills.
Was that market just recovering from purges in flocks due to avian flu outbreak? So even with Trumps shenanigans it was still going to drop. I’d have review the timeline though, but that is what I suspect
There was an outbreak with Biden and that lead to one increase which started to stabilize. Then there was either supposedly another outbreak under the orange-doodoo-dodo and afterwards the prices started to stabilize again.
The states and federal government accused Cal-Maine Foods, Versova and Hickman’s Egg Ranch of a behind-the-scenes arrangement to “artificially inflate the daily price quotations for eggs” between June 2022 and March 2025. In particular, their investigation found that the companies coordinated on what bids they would submit to Urner Barry Publications, a company that runs an index key to determining how much grocery stores, restaurants and others pay for billions of eggs each year.
They profited closer to $4-5 billion. That $1.2 billion figure was for one year, from the one publicly traded company. The three largest egg producers participated in this for 4 years.
So now we know for certain they did something very specific to reduce the price of eggs (because that’s the example people were using).
So what exactly did they do?
Was that market just recovering from purges in flocks due to avian flu outbreak? So even with Trumps shenanigans it was still going to drop. I’d have review the timeline though, but that is what I suspect
There was an outbreak with Biden and that lead to one increase which started to stabilize. Then there was either supposedly another outbreak under the orange-doodoo-dodo and afterwards the prices started to stabilize again.
The egg prices were a result of price fixing in an effort to undermine the Biden administration and get Trump elected.
The 3 companies involved were fined ($3.3 million, after profiting 1.2 Billion from it).
And here’s the source: https://apnews.com/article/egg-prices-collusion-settlement-d32b05892541613df3f4e4932109ee0c
I wish the fines were at least somewhat in line with the profit. There is no negative incentive to bend at the knee.
They profited closer to $4-5 billion. That $1.2 billion figure was for one year, from the one publicly traded company. The three largest egg producers participated in this for 4 years.