President Trump’s Department of Justice has officially launched an investigation into soaring egg prices.
The surge is expected to rise by more than 40% in 2025.
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According to a report by the Wall Street Journal the DOJ has sent letters to major egg producers, demanding they preserve documents related to their pricing discussions with customers and competitors, as well as communications with Expana, a business publisher that tracks egg prices.
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TGP reports: The investigation appears to be focused on determining whether major egg companies colluded to restrict supply and artificially inflate prices while raking in record-breaking profits.
The Biden administration’s economic disaster has already led to a crippling increase in food prices that have burdened American families. When Biden took office in January 2021, the average cost of a dozen eggs was just $1.47.
Fast forward to December 2024, and that same carton costs $4.15—a nearly 200% increase, according to the Federal Reserve of St. Louis.
Now, with some stores pricing a dozen eggs at $10 or higher, the Trump administration is stepping in to determine whether corporate price gouging has worsened the crisis.
The U.S. Department of Agriculture’s latest data indicates that the national average price of eggs has soared to an alarming $6.85.
According to ABC7, one company that has greatly benefited from this crisis is Cal-Maine Foods, the largest producer of fresh eggs in the United States.
Despite widespread claims of supply chain issues and bird flu outbreaks, Cal-Maine has seen its stock price skyrocket by over 50% in the last year as profits surged.
Farm Action, a farm advocacy group that has been vocal about corporate greed, confirmed in a Friday statement that sources inside the DOJ say a formal investigation is underway.