Egg producers blame the ongoing bird flu outbreak for driving prices up to record highs. But some believe giant companies are taking advantage of their market dominance to profit handsomely at the expense of egg buyers.

Summary

Egg producers blame the bird flu outbreak for record-high prices, but critics argue dominant companies are exploiting supply shortages to boost profits.

With over 166 million birds culled and egg layers significantly reduced, prices surged from under $2 to nearly $5 per dozen.

Egg supply is down only 4% from last year, yet profits have surged. Cal-Maine Foods, supplying 20% of U.S. eggs, reported a $219 million profit in the last quarter, compared to just $1.2 million before the outbreak, a 18,150% increase.

Lawmakers and advocacy groups are calling for a government investigation into potential monopolistic practices.

  • ALilOff@lemmy.world
    14·
    12 hours ago

    100% they are.

    I don’t know truth as I one saw YouTube Videos of grocery stores

    Egg prices for a dozen… in Canada are around $4.75 (Canadian) In Mexico $53-$70 pesos… or around $2.50-$3.50 US

    Edit: after quick search looks like Mexico avoided bird flu because they vaccinate their chickens… didn’t realize we are that strong against vaccination we won’t even vax the chix