The U.S. government has launched a probe into sky-high egg prices. The Department of Justice says that Cal-Maine Foods is cooperating with the investigation.
Cal-Maine Foods is the United States’ largest egg producer, supplying nearly 20% of the country’s eggs.
The company says that it sales nearly doubled to more than $1.4 billion in its fiscal third quarter, which ended March 1st. Egg prices averaged $4.06 during that period.
Related Stories
Improved export prospects and higher crop prices strengthened future expectations despite continued caution about spending.
While the agriculture industry hoped details on proposed “bridge” payments for farmers would be released this week, Ag Secretary Brook Rollins said the USDA is still working with the White House on the finer points.
Federal lawyers submitted a brief this week backing Bayer’s argument that federal laws governing herbicides like Roundup should prevent lawsuits over the popular chemical.
The Environmental Protection Agency confirms that new single-fluorinated pesticides are not PFAS and remain fully compliant with current safety standards.
