Justice Department investigating surge in egg prices: report

The US Department of Justice is achieving the recent increase in egg prices, according to a report.

The Wall Street Journal reported that the perpetrators of monopoly with the administration are looking for the reason for the high prices, including whether egg producers have conspired to artificially amplify them by curbing supply, quoting sources.

Egg prices have doubled last year, and the US Department of Agriculture (US Department of Agriculture) expects to rise again by 41 % this year.

The administration said last month that it was ready to invest up to one billion dollars to treat egg prices.

Americans take their chicken breeding amid eggs in the country

An endowment signs are noted on the egg in a grocery store in Manhattan Beach, California, on January 2. (Patrick T. Fallon / AFP / Getty Images)

The price height is partially supplied with bird flu, causing more than 166 million birds to stop this proliferation, with most chicken that lay eggs.

The influenza epidemic, which started in 2022, is the bloodiest in American history.

Minister of Agriculture Brock Rollins Five Strategy aims to curb the increasing number of bird flu outbreaks.

As part of its plan, the government agency plans Invest an additional $ 500 million In biological security measures, $ 400 million of financial relief for affected farmers and $ 100 million to vaccine research. The department is also looking to find ways to reduce organizational burdens and explore temporary import options.

Eggs for sale at 74.9 cents per egg of a supermarket in Monterrey Park, California, on February 10. (Getty Images)

President Donald Trump, in his speech at the time before Congress on Tuesday evening, said that his administration would fight “the nightmare of inflation”, which includes high costs of eggs.

Trump said the price of eggs was “out of control” and that his administration “is working hard to return them.” The average price of ten eggs is about 5.00 dollars or higher in some areas.

Egg deficiency throughout the country has turned shoppers into a Facebook market

American consumer confidence It decreased sharply last month after the increase in inflation in January, an increase of 3 % on an annual basis. However, egg prices, in particular, were a great pain point for consumers as the industry wrestled with the ongoing influenza outbreak of birds.

US consumer confidence decreased sharply last month after inflation increased in January, an increase of 3 % on an annual basis. However, the prices of eggs, in particular, were a great pain point for consumers as the industry wrestling with the ongoing bird flu. (Celel Gunes / Anadolu via Getty Images / Getty Images)

“The farmers know that people feel frustrated and that they are also frustrated by the situation,” Emily Metz, CEO of the American Bay Council, told the magazine. “They know that they are unable to lay the size of eggs that people want.”

Lisa Villan, the anti -monopoly lawyer, told the implementation that the anti -monopoly investigations are unusual in costs due to the supply chain problems is common.

“There can be anti -competition efforts to deal with the crisis, and this is also not fine,” she said.

Get Fox Business on the Go by clicking here

Fox Business has arrived at the Ministry of Justice for comment.