U.S. Investigates Egg Producers Over Soaring Prices
Published On Mar 7, 2025, 6:47 PM
The Justice Department is investigating major U.S. egg producers for potential antitrust violations amid soaring egg prices, which have surpassed $8 a dozen. Producers, including Cal-Maine Foods and Rose Acre Farms, are under scrutiny for possible price-fixing practices as they face tighter supplies due to avian flu outbreaks. The investigation could lead to civil subpoenas as lawyers prepare to gather evidence. Wholesale egg prices have surged by 255% in recent months, drawing attention from lawmakers and advocacy groups.
Stock Forecasts
CALM
Negative
Given the investigation into antitrust practices among major egg producers, particularly Cal-Maine Foods, investors might see a negative impact on companies involved if there are regulatory actions or negative press surrounding them. The sky-high prices may suggest market instability.
Related News
U.S. Investigates Egg Producers Over Soaring Prices
Mar 7, 2025, 6:47 PM
The Justice Department inquiry is said to be focused on potential antitrust violations among the country’s largest egg producers.
Nationwide egg shortage has shoppers turning to Facebook Marketplace
Mar 3, 2025, 3:03 PM
A number of people are posting on social media that they have eggs for sale as a nationwide shortage persists, forcing grocers to impose purchasing restrictions and prices to skyrocket.
Egg prices predicted to jump over 40% in 2025: USDA
Feb 26, 2025, 10:38 AM
Economists predict that egg prices will surge more than 40% in 2025 as outbreaks of the highly pathogenic avian influenza continue to hinder the U.S. egg supply.