Investigate Leading Egg Producers!

Food corporations are blaming bird flu for higher prices, but they’re not telling the whole story. While bird flu has slightly reduced U.S. egg production, corporate greed has also played a major role in higher prices. Egg producer Cal-Maine pocketed $1 billion in windfall profits before it saw a single outbreak in its flocks.

Join us in calling on the Federal Trade Commission (FTC) to investigate leading egg producers, including Cal-Maine, for price-gouging and anti-competitive practices.

Your Message

Chair

Andrew

Ferguson

Federal Trade Commission

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Since 2022, bird flu has spread to poultry and egg hens across the country. It’s now impacting dairy herds and farmworkers as well as million-bird flocks. And while it has slightly reduced U.S. egg production, corporate greed has also played a major role in higher prices.

New research from Food & Water Watch shows how egg corporation Cal-Maine charged prices above and beyond its growing costs, leading to $1 billion in windfall profits in a single year.

Cal-Maine factory farms remained free of bird flu until December 2023. In fact, during the company’s fiscal year (FY) 2023, June 2022 through May 2023, it sold 7% more eggs compared to FY 2021. That same year, its profits soared more than seven-fold.

How did this happen? Cal-Maine commanded prices from its buyers that were much higher than needed to cover rising costs at a time when national egg prices were skyrocketing. In FY 2021, the company pocketed $0.15 per dozen eggs produced and sold. Then, in FY 2023, it pocketed $1.14 per dozen, earning $1 extra in profit per dozen.

With its sale of over 1 billion eggs in FY 2023, Cal-Maine fleeced $1 billion in additional profits from its customers — mainly retailers who often pass along price spikes to families.

This is outrageous at a time when food costs are skyrocketing, and more families than ever can’t put food on the table.

I urge the Federal Trade Commission to investigate leading egg producers, including Cal-Maine, for price gouging and anti-competitive practices.

Sincerely,
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Sincerely,
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[Your Address]

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