Egg prices drop as demand 'sharply' falls among inflation-weary customers unwilling to shell out

[BumRushDaShow]

13. In this case, it was the "power and leverage" of the government threatening to investigate price gouging

DOJ investigating major egg producers amid soaring prices: Sources

By Katherine Faulders and Soo Youn
March 8, 2025, 12:38 PM


The Justice Department is in the early stages of investigating the major egg producers over soaring egg prices, source familiar with the matter told ABC News.

Department investigators are looking into whether the major egg companies are sharing information about supply and pricing, possibly contributing to price increases, the sources said. Egg producers, including the industry's trade association, have said the soaring prices are due to the avian flu. The investigation is being run out of the Antitrust Division of the Justice Department and won't necessarily lead to any legal action.

Last month, a group of Democratic lawmakers, including Sen. Elizabeth Warren, D-Mass., called on the administration to provide specifics on how it plans to lower food prices for families.

"To make food more affordable, 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 in the letter to President Donald 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."

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Just the "threat" or reporting of the "threat" triggered the change.