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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“We can easily move this Food for Peace Program over to USDA. It’ll be more efficient, it’ll save taxpayers money, and more of the food will get to the people who need it the most.”
