Bipartisan pair of senators applaud DOJ investigation into egg producers [View all]
Source: ABC News
May 9, 2025, 5:06 AM
A bipartisan pair of senators applauded the Justice Department's ongoing investigation into major egg producers over rising prices and called on the department to look even further into the issue in a letter to Assistant Attorney General Gail Slater late Thursday evening.
"We write to express support for the Department of Justice's reported investigation into anticompetitive practices in the U.S. egg industry," Democratic Sen. Elizabeth Warren and Republican Sen. Jim Banks wrote. "As you are aware, the sustained increase in egg prices has placed a significant financial strain on American families, particularly workingclass households. While egg producers and trade associations point to recent avian flu outbreaks as the cause of high prices, we are concerned that record high egg prices reflect noncompetitive behavior among large producers."
ABC News reported in March that the Department of Justice was in the early stages of investigating major egg producers over soaring egg prices. Sources told ABC News at the time that department investigators were looking into whether the major egg companies were sharing information about supply and pricing, possibly contributing to price increases.
The average retail price of a dozen eggs climbed from $4.95 in January to $6.22 in March, the most recent month for which data is available, per Bureau of Labor Statistics data. That amounts to a 25% increase in consumer cost.
Read more: https://abcnews.go.com/Politics/bipartisan-pair-senators-applaud-doj-investigation-egg-producers/story?id=121614814
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