In a worrisome revelation, a stunning report confirms that American families are getting shell-shocked at the grocery store.
Egg prices have soared a never-before-seen third consecutive month of record highs, reaching $6.23 per dozen.
The rise has fueled growing suspicions of corporate price gouging during a time when working families are already struggling to afford basic necessities.
Despite President Donald Trump’s promises to tackle inflation, the cost of eggs has continued to climb, reaching historic levels in March.
The price increase represents a staggering 60.4% jump compared to last year, even as the average American household struggles to make ends meet in the Biden economy.
While wholesale egg prices have recently fallen to $3.26 per dozen from over $6.80 in early March, these savings have yet to reach consumers at the grocery store.
Meanwhile, Cal-Maine Foods, America’s largest egg producer, has been cashing in on American families’ misfortune.
The company reported astronomical profits of $1 billion in windfall income in just the first three quarters of the financial year.
Its quarterly revenue reached $1.4 billion with a net income of $508.5 million—up 132% from last year and nearly eight times higher than at the start of the bird flu outbreak in February 2022.
Growing evidence of corporate profiteering has prompted the Trump administration to launch an anti-trust investigation into potential price-fixing by major egg corporations.
This probe comes amid widespread allegations that egg producers are exploiting the avian flu crisis to justify excessive price hikes while pocketing record profits.
“Egg prices are spiraling out of control, laying bare the cracks in our corporate food system,” said Amanda Starbuck from the consumer advocacy group Food & Water Watch.
“To lower egg prices, the Trump administration must take on the food monopolies, hasten and prioritize its investigation into corporate price fixing, and stop the spread of factory farms,” Starbuck urged.
The timing could not be worse for American families as Easter is fast approaching on April 20, when egg demand typically peaks.
While the avian flu outbreak has been blamed for disrupting the supply chain, critics point to the disconnect between wholesale price drops and the stubbornly high retail prices as evidence of corporate greed.
Since the bird flu outbreak began, over 168 million birds have been culled, impacting egg supply, but many experts question whether this alone justifies the astronomical price increases.
The White House maintains that President Trump’s economic policies are making progress despite these challenges.
White House Press Secretary Karoline Leavitt declared:
“Inflation is down, jobs are up, and the Golden Age of America is underway. President Trump continues to undo the damage done by Joe Biden, and core inflation declined for the second month in row—great news for American families and businesses.”
Some economic relief may be on the horizon, with farms affected by bird flu gradually resuming production.
However, it takes time for new flocks to mature and begin laying eggs, meaning Americans may not see lower prices until after Easter.
Experts also caution that egg prices vary significantly across states due to local outbreaks and differing regulations on cage-free eggs, creating additional confusion for consumers.
The broader inflation picture shows some improvement. The consumer price index fell by 0.1% in March, and the 12-month inflation rate was at 2.4%, down from 2.8% in February.
However, food inflation continues to outpace overall inflation at 3.0% year-over-year, with restaurant prices surging even higher at 5.6%.
For hardworking Americans still recovering from the Biden administration’s economic policies, the egg crisis represents just one more burden they should not have to bear.
