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.
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“These regulations, what we’re doing and what it does it just adds cost and burdens to our ag producers as they’re trying to feed, fuel and clothe the world.”
“What we’ve seen over the years is a real lack of proper management of those resources!”
“I see a path forward on this one. This is good for farmers and ranchers in this time of uncertainty.”