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Opinion

As Egg Prices Soar, Some See Price-Gouging Problem

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Americans are growing both accustomed to and tired of living in the dystopian economic morass of Joe Biden’s USA, where the corporate world appears willing and able to pillage our savings with little to no recourse.

With inflation falling, (at least according to most economists), the prices we’re seeing in the grocery store are not lowering along with it.  And, in the case of particular industries and the extracurricular struggles they are facing, some prices are even going up.

Worse still, there are now concerns that one of the staples of the American diet may be falling victim to price gouging.

A US senator has joined farmers in calling for an investigation to crack the problem of soaring egg prices. Government data shows the national average retail price for a dozen eggs reached $4.25 in December, for a 138% increase from the $1.79 average a year earlier, though the average price nears $10 in some parts of the country, per Vice. All this has led to more shouts of price gouging, per the AP. Farm Action, a farmer-led advocacy group, has called for the FTC to investigate Cal-Maine Foods, the largest US egg producer, after it reported a 110% increase in quarterly sales and 600% increase in gross profits, per the Hill. Cal-Maine logged profits of $198.6 million in the second quarter of fiscal 2023, compared to $1.1 million a year earlier.

The group’s suggestion was poignant.

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There “appears to be a collusive scheme among industry leaders to turn inflationary conditions and an avian flu outbreak into an opportunity to extract egregious profits,” said Farm Action, which has long warned about major firms driving up consumer prices, per the Hill. Sen. Jack Reed of the Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies added to the pile on Tuesday, asking the FTC to investigate “the industry’s role in perpetuating high prices and hold those responsible accountable for their actions.” The Rhode Island Democrat noted “small producers, which have faced many of the same market challenges as the biggest producers, have managed to keep prices under control.”

While it certainly sounds as though significant action is taking place, knowing full well what speed our government is capable of moving at means that this egg price problem isn’t going away anytime soon.

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About the Author:
As a lifelong advocate for the dream promised us in the Constitution, Andrew West has spent his years authoring lush prose editorial dirges regarding America's fall from grace and her path back to prosperity. When West isn't railing against the offensive whims of the mainstream media or the ideological cruelty that is so rampant in the US, he spends his time seeking adventurous new food and fermented beverages, with the occasional round of golf peppered in.




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