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Reply to "A dozen eggs is $8 at wegmans"
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[quote=Anonymous]One egg/producing group is alleging that others are using the avian flu as an excuse to gouge. Their gross profits were up 600% last year. https://www.forbes.com/sites/daniellenierenberg/2023/01/27/cracking-open-the-issue-of-high-egg-prices/ “But the industry’s numbers don’t quite line up. In a recent open letter to the Federal Trade Commission, the nonprofit Farm Action alleges that the country’s dominant egg producers are using the avian flu as an excuse to engage in "apparent price gouging, price coordination, and other unfair or deceptive acts or practices.” One of the country’s largest egg producers is Cal-Maine FoodsCALM, which controls about 20 percent of the egg market through brands like Eggland’s Best and Land O’Lakes eggs. Their gross profits, Farm Action notes, were up over 600 percent compared to the previous year. Meanwhile, even during the avian flu outbreak in 2020, the USDA’s Economic Research Service noted that egg price increases were "much larger than the decreases in production" caused by avian flu.“[/quote]
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