Summary
Major egg corporations may be using avian flu as a ruse to hike up prices, generating record profits while hurting American consumers, new research suggests.
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Egg prices soared to nearly $5 a dozen, rising 157% since before the avian flu outbreak, despite only a 9% drop in laying hens.
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Cal-Maine, controlling 20% of the US market, saw a sevenfold profit increase in 2023 compared to 2021.
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Over 166 million poultry have been culled, but critics say consolidation and slow flock replacement may inflate prices beyond the virus’s 12-24% direct cost.
Lawmakers urge investigations, while the Trump administration plans vaccines, reduced culling, and a $1bn avian flu fund to help stabilize costs.
How can a country be in such a hysteria over egg prices? Don’t they have anything to eat but eggs?
Don’t be dense.
It’s a symptom of an overall problem.
The only time i hear about egg prices is on the internet and now it’s a rebuttal of all the trump propaganda that was used against Biden