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.
But while egg supply is only down 4% from last year, profits have soared. Cal-Maine Foods, which supplies 20% of U.S. eggs, reported $219 million profit in its most recent quarter compared to just $1.2 million before the outbreak began.
Lawmakers and advocacy groups are calling for a government investigation into potential monopolistic practices.
Some people have been having one or three eggs every day for the past 60 years. For me, I just stopped eating eggs, for these people it’s harder. It’s dumb but what isn’t?