'American families working to put food on the table deserve to know whether the increased prices they are paying for eggs represent a legitimate response to reduced supply or out-of-control corporate greed,' write SenWarren and RepKatiePorter.
In a recent letter to Federal Trade Commission Chair Lina Khan, Farm Action demanded an investigation into the highly concentrated industry, noting that top companies such as Cal-Maine"have a history of engaging in 'cartelistic conspiracies' to limit production, split markets, and increase prices for consumers."
"Cal-Maine Foods, which controls approximately 20% of the retail egg market, was reporting record profit margins and no positive avian flu cases on any of its farms," the lawmakers wrote."In December, Cal-Maine Foods reported a gross profits increase of more than 600% over the same quarter in 2021, which the company claimed was 'driven by record average conventional egg selling price.
The lawmakers also asked whether the companies'"executives, officials, or any other affiliated individuals" had"any direct or indirect communication with other egg producers about production or prices for eggs?"
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