The “Rotten Egg Oligarchy”

We all as consumers have been paying through the nose for our eggs….lots of bitching and very little from the politicians to lessen the burder on us with the exception of lots of rhetoric and ‘oughta do’

Trump, whose policies—from taxation to regulation and beyond—have overwhelmingly favored the ultrawealthy and corporations over working Americans. Meanwhile, one of the president’s signature campaign promises, to lower food prices “on day one,” has evaporated amid ever-rising consumer costs.

There is a report that we all know what it will say even before it was released….

As average egg prices hit record highs of nearly $5/dozen and a yearslong, worsening bird flu outbreak continues unfettered in all fifty U.S. states, the consumer advocacy group Food & Water Watch has released a new report detailing how the U.S.’s largest egg producer has exploited this crisis for profit.

In the report — “The Economic Cost of Food Monopolies: The Rotten Egg Oligarchy” — Food & Water Watch analyzes data from the first year of the current bird flu outbreak to detail how today’s soaring consumer prices are built on a foundation of corporate price-gouging.

Key findings include:

As Egg Prices Soar, New Report Details How Corporations Exploit Bird Flu Crisis For Profit

All the findings most of us egg eaters already knew beforehand….but what is to be done?

Well there is a plan….an investigation.

Justice Department has launched an antitrust investigation into the rising retail price of eggs, which has doubled in the past year and contributed to inflation. The inquiry will include whether large egg producers have colluded in raising prices or restricting the supply, the Wall Street Journal reports. The producers have said the avian flu outbreak is to blame; a statement by a trade group, the United Egg Producers, said egg farmers are “doing everything they can to fight back against this deadly bird flu outbreak.”

More than 150 million chickens, turkeys, and egg-laying hens have died in the outbreak since 2022, the Agriculture Department reports. Letters sent by the department to some egg companies for the investigation told them to preserve documents concerning their communication about prices and the flu with customers, competitors, and other companies. The most recent data from the Bureau of Labor Statistics data shows the price rose 53% year over year, per CNBC. “Farmers know people are frustrated and they are frustrated too by the situation,” said the head of an industry marketing group. “They know they are not able to put on the volume of eggs that people want.”

Democratic lawmakers called for an investigation into the issue last month, per ABC News. “You should look to the dominant food and grocery companies that have made record profits on the backs of working families who have had to pay higher prices,” they wrote to President Trump. “These companies often exploit crises like pandemics and avian flu outbreaks as an opportunity to raise prices beyond what is needed to cover rising costs.” And the Agriculture Department announced its own plan to lower prices last month.

That ought to do it!

An investigation will take about a year and all the while the bucks will keep rolling in for the egg producers….good plan!

We can immediately round up humans like cattle but no one has an idea how to lower egg prices….where’s the justice?

The meaning politicians cannot seem to stop price gouging but by a hefty fine and the practice can continue….what are we paying these idiots in DC to do?

I have had my say….now it is your turn.

I Read, I Write, You Know

“lego ergo scribo”

8 thoughts on “The “Rotten Egg Oligarchy”

  1. You asked what we are paying these idiots in dc to do and i will tell you what we are paying them to do…..we are paying them to destroy the government, get rid of everything that will help the average american citizen and throw us under the thumb of an obviously unbalanced dictatorship—forever…and ever….and a day— that is what we are paying them to do…..and they are doing a helluva job, Brownie – as George Bush would say as he reviewed the destruction in New Orleans from that Hurricane a few years ago.

  2. Over here the issue is not eggs, but Olive Oil. When Russia invaded Ukraine in 2022, the price of Olive Oil and other cooking oils doubled overnight. This despite the fact that most Olive Oil sold in the UK is imported from Spain, Italy, and Greece. The excuse was that Ukraine produces most of the Sunflower Oil sold in Europe, so other oils were being bought instead and demand was outstripping supply. Nobody really believed that, but the price kept going up and up as the war continued.
    Now 1 litre of Olive Oil will cost you over £7 ($9.10) in most supermarkets, and more in independent shops. Before the invasion in 2022, the same thing was £2.10 and prices had been stable for over 10 years. Producers claim they are getting no extra, yet the supermarkets report huge increases in profits over the past 3 years. Easy to work out who is doing the scalping.
    Best wishes, Pete.

  3. Bird Flu required kill 90 million hens. Hen lay say 5 1/2 eggs per week. So 5.5 X 90,000,000 per week not produced. We’re not the only country trying to import eggs is another factor. So shortages and price increase are Trump’s fault, right ? Also breakfast places battle public home consumer for limited supply. Shortages also created by waste as fraud and misdirected funding exposures have left perps with “egg on their faces.” DISCLAIMER: I am not a farmer – never could grow anything except growing old and only animal husbandry experience is e the three bugs under the sink.

    1. I am, not blaming Trump….eggs were outrageous before he entered…..but he did say he was going to fix prices on day one…..so far all I have heard is some lame idea about importing eggs from other countries. chuq

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