The Fox Business’ Jeff Flok visits a Pennsylvania farm that hire customers to chickens to offset the high cost of eggs on ‘The Claiman Countdown’.
US justice department According to a report, egg prices are checking the recent surge.
Antitrest enformers with the department are looking due to rising prices, including whether egg producers have conspired to artificially push them by holding the supply back, Wall Street Journal reportedCiting sources.
Egg prices have almost doubled in the last year and the US Department of Agriculture (USDA) has predicted that they can. Refruit from 41% On this year.
The department said that it is ready to invest as much last month $ 1 billion Address the prices of eggs.
Americans took to increase their own chickens amidst nationwide egg deficiency
The signage notes a boundary on eggs at a grocery store in Manhattan Beach, California on 2 January. (Patrick T. Follen / AFP / Getty Images)
Prices increase is partially given fuel by bird flu, due to which to spread over 166 million birds to spread, to spread with most egg laying chickens.
Bird flu epidemics, which began in 2022, is the deadliest in American history.
Agricultural secretary Brooke Rollins’ “five-dimensional strategy” aims to curb the increasing number of bird flu outbreaks.
As part of its plan, the government agency plans Invest additional $ 500 million In bio -safety measures, $ 400 million in financial relief for affected farmers and $ 100 million for vaccine research. The department is also looking to find ways to reduce the regulator burden and detect temporary import options.
Eggs for sale at 74.9 cents per egg from a supermarket at Montere Park, California on 10 February. (Getty image)
President Donald Trump, in his primary address to Congress on Tuesday night, Said that they will be administration Compete “inflation drugs”, including the cost of high eggs.
Trump said the price of eggs has been “out of control” and that his administration “is working hard to bring it back.” The price of a dozen eggs is now about $ 5.00 or more in some areas.
Shopkeepers are turning to Facebook marketplace due to lack of nationwide eggs
American consumer trust Following inflation in January, it fell rapidly last month, rose by 3% on an annual basis. However, egg prices, in particular, are a major pain point for consumers because the industry struggles with the outbreak of the running bird flu.
The US consumer confidence fell rapidly last month after the inflation tick in January, which was 3% on an annual basis. However, egg prices, in particular, are a major pain point for consumers as the industries struggle with the running bird flu outb (Cellle guns / Anadolu through Getty Image / Getty Image)
Emily Metz, Chief Executive Officer of the American Egg Board, said, “Farmers know that people are disappointed and they are also disappointed with the situation.” “They know that they are not able to put on the amount of eggs that people want.”
Antitrest Attorney Lisa Fale told the outlet that antitrust checks are common in abnormal increase in costs due to supply chain issues.
He said, “Anticomatic efforts can be made to deal with the crisis and this is not right.”
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Fox business has reached the Department of Justice for comment.
