The highly concentrated egg market may be contributing to soaring consumer prices – and the spread of the virus, data shared exclusively with the Guardian shows

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.

  • explodicleEnglish
    11·
    15 hours ago

    It’s amazing in hindsight just how much of our capitalist free market was just a show to compete with the Soviet Union. Now our biggest rivals are both just corrupt oligarchies too.

    Something big is due for a change.