Farm Action alleges that major egg producers, including Cal-Maine Foods, are deliberately keeping egg supply low to inflate prices and consolidate market power. They claim these companies have prioritized acquisitions over expanding their flocks, despite record-high egg prices and the lingering effects of the avian flu.
— and it’s partly because the company has been deliberately keeping a lid on supply, a farm advocacy group claims.
That’s despite the fact that the average price of a dozen grade-A eggs hit a record $4.95 last month, surpassing the previous record of $4.82 in January 2023, according to the latest data from the Department of Labor. Farm Action, a group backed by smaller farmers to take aim at “corporate monopolies,” claims that leading egg producers are keeping the supply of new egg-laying hens “stagnant” in order to prolong their two year run of record profits.
Agriculture EGGS PRICES AVIAN FLU CAL-MAINE FOODS FARM ACTION
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