Topline
caused by a devastating bird flu outbreak.
Key Facts
The probe into the root of rising egg costs will also include an investigation of whether top egg producers have conspired to hold back their supplies or increase prices, according to the Journal, which cited unnamed sources.
The Journal noted the investigation is still in early stages and may not lead to formal actions against any of the examined companies, and it’s not clear if the investigation is criminal or civil.
by tens of millions.
It is unclear which specific egg producers are being looked at by the DOJ, though some of the largest egg producers in the U.S. include companies like Cal-Maine Foods, Rose Acre Farms and Hillandale Farms, the first of which owns about 44 million egg-laying hens and is the largest U.S. shell egg producer.
The Justice Department did not immediately respond to ’ request for comment.
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Big Number
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Tangent
between Albertsons and Kroger, siding with a challenge from Biden’s Federal Trade Commission, which argued Kroger would become too dominant under the deal that would have added some 2,000 locations to the retail company.
Key Background
to “make eggs affordable again.” Under the program, $500 million will be allocated to poultry producers’ biosecurity measures, aiming to help them fight the bird flu impacting their flocks. $400 million will go toward financial relief for farmers dealing with chicken shortages while $100 million will be invested in the use of vaccines and therapeutics for egg-laying hens.
Further Reading
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