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$5 a dozen: major egg companies may be using avian flu to hike US prices, new report finds (www.theguardian.com)

submitted 1 day ago by MicroWave to c/news

53 comments fedilink hide all child comments

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.

Egg prices soared to nearly $5 a dozen, rising 157% since before the avian flu outbreak, despite only a 9% drop in laying hens.
Cal-Maine, controlling 20% of the US market, saw a sevenfold profit increase in 2023 compared to 2021.
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.

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[–] BlackAura 1 points 1 day ago

Kirkland Costco, admittedly 2-3 weeks ago. Something like $9.59 for two dozen.

Something between $9 and $10 on the price tag is what I remember.

No idea what it is now.