Calls, texts and emails come before 6 in the morning: restaurants, bakeries and others disappointed to find eggs.
Brian is a Moscogi egg broker. The wholesale company’s unlimited viceger work at the NJ of Toms River, until the evening, trying to connect hopeful buyers with farms with eggs.
But when bird flu has been more than a dozen of more than $ 8, more than $ 2.25 in the last fall – Moscogiuri’s work gave a higher matches and therapy.
“The buyer is fighting,” Mr. Moscoggy said. “Three or four times are looking for eggs that cost typical amount.”
Egg producers, especially family farms, also smaller farms. H5N1 should be positive for the H5N1 virus that causes the flu, to prevent the expansion of their entire flock. “Wake up and, potentially, can be deleted from your entire business,” Mr. Moscogii said.
But at least one winner is in today’s lacking, which began in 2022: the largest egg producer in the country.
Cal-Maine, who control the fifth of the Egg Market and Walmart and other large stores, reported that his income jumped $ 954 million from $ 523 million to the previous year. The company said the number These “especially the average sales of the shell egg sales were driven by the increases of the net price and are very highly added increases.”
The company’s net income increased by more than 500 per cent, from year to $ 218 million, from year onwards, higher prices allowed to lower the flow of other operators and shopping costs. And prices even rolled the company since the quarterly financial recognition was released.
The production industry has been established in the last three decades. Cal-Maine has received more than two dozen companies since 1989. IT and four other large producers control the United States Egg’s approximately half of the market. The others are kept privately and do not make their own public finance. The second largest in the group, Rose Acre Farms has 17 facilities in the seven-central and central states. A large food of the day, the day’s food, equipped with McDonald’s McDonald and Hillandale Farms sells food stores as in its name and as a private label brand. (No one of companies respond to requests for conversations.)
In 2022 the bird flu struck in the United States 162 million polluted or killed birds so far, shaking the number of chickens for eggs. Cal-Maine has reported two explosions in its farms in the last two years, and as a result, 2.6 million chicken and young chicken lost.
As consumers face blank shelves, food stores and prices rise in places of more than $ 10 to make a dozen eggs, the concentration of egg production is worried about previous discoveries. Two years ago, the largest producers were found in the swollen prices in the 2000s. Now, some legislators call federal regulators to investigate the industry.
“Egg producers and grocery stores can take advantage of current bird flu in prices to increase profits or increase eggs,” A group of democratic legislators aimed at the Warren Sainter of Massachusetts, aimed at Massachusetts. print Trump President last month.
Political pressure
Since bird flus showed at the price of the egg prices, small eggs have become a political laurel. Donald J. Trump promised at the Presidency campaign, he accused the administration tomorrow to lower the prices for inflation and consumers. Now, Democrats have become tables, asking why the Trump Administration does not do more to deal with egg prices.
“Donald Trump ‘1. Day’ he promised to lower food prices,” said Mrs. Warren in New York Times. “Work families need relief now.”
16. In Alvaro M. Bedoya, he took a democratic commissioner of the Federal Commerce Commission Social media And Andrew Ferguson pressed, the new head of the Lord Trump FTC, “what is happening on the shelves of food” and investigated industrial practices.
“I don’t know what’s going on in the egg industry, but it seems to be hell and we will see that we will see the anticompetitive behavior that hurts consumers,” said Bedoya’s interview.
Convenient similar to Advocacy groups and legislators were made to FTC by the Biden Administration, which did not announce antitrust research on egg producers. Mr. Bediya said the agency’s resources were focused on other antitrust efforts at the time, including the study of the food industry.
“This capacity has been opened,” said the agency, due to his giant supermarkets, the issue of Kroger and Albertsons giants. This case went to trial last year, he made a court order to avoid the fusion.
Critics also said that the egg industry needs to look closer. A print On February 12, the FTC and Justice Department has been sent to farm action, a group against corporate monopolys in food and agriculture, made the agencies to look at the potential monopolization and anticompetitive coordination in industry.
“It suggests that there may be a fire under the fire,” Basel Musarbash, the main antimonomic consulting lawyer, antitrust law and politics company. “The incentives are there, the power supply is to stop, and it seems that we need a FTC or DOJ to see if it is really using.”
The group deals with eggs that the loss of chickens have been “fairly modest” in terms of the size of the flock of the US eggs, the profit margins of producers have risen. According to Expana data, according to egg prices, 15% of the country’s eggs died in the last four months, and at the same time the price of wholesale egg prices rose by 255 percent.
Price dynamics, however, are not correct, he already said Thompson, an associate professor of Agriculture at the University of Arkansas. “If the eggs are out of the system, prices should rise 15 percent, right? But I’m baked and I have to make bread for a baking bread, yet I have to have eggs,” he said. “I’m going to get the eggs too.”
The Egg Industry said the bird flu was the destructive farmers who lost birds. At the same time, the demand for consumer eggs has been 23 months in a row.
“Two combined strengths and high demands. They recently affected the wholesale prices we have seen,” President of Emily Metz, President and Director General, in an e-mail statement. “The volatility we’ve seen at egg prices reflect a lot of factors, most of them are outside the control of an egg farmer.”
A FTC spokesman refused that the agency was considering opening research. A spokesperson of the Department of Justice confirmed that the Department of Antitrust received the farm action, but he commented more.
Price repair case
Egg production industry has resisted the examination of past prices. In 2011, the most important Food Companies of General Kraft and Mills, the largest egg producers and industrial trade groups were sued, claiming that they decided to reduce the supply of eggs to increase the price.
The most important egg operators issued by the aforementioned documents in 2001, with members of some united egg producers, a commercial group, should be the core segment of the industry ready to supply eggs to get profitable prices. “
In that year, trade groups asked members of the 5 percent flock to reduce flocks by calculating the profits of the producers, the state of the complaint.
Below, other efforts were made, a farm operator argued by all members of the snow producer of the snow producer “The instructions of the operator argued follows the instructions followed by the guidelines.
The price repair of prices submitted in 2011 went to the jury, found that the producers of egg producers were found in 2023 by illegal prices. Producers pay for $ 17.7 million in damage, according to antitrust law were triple $ 53 million. Egg producers can convey the verdict this year after solving post-judgment motions. A News Note After the verdict, Cal-Maine decided that he was disappointed with the general decision and was evaluating the possibilities of a resource.
No cal-maine and egg producers did not answer the emails that seek comments.
2020. In New York, the General Lawyer of New York James, Hillandale, was included customers with high prices at the beginning of the Coronavirus pandemia. This case was resolved in the following year when the company has met the New York pricing law and agreed to go for a million egg food banks. The main Texas attorney Cal-Maine reported that the price of the egg prices reported in 2020. The case is still open.
2025-02-25 18:57:00
