U.S. Egg Prices Hit Record High Despite Falling Wholesale Costs
Retail egg prices climbed to $6.23 per dozen in March, driven by seasonal demand, tariff policies, and allegations of price fixing, as wholesale prices dropped significantly.
- Retail egg prices reached a record $6.23 per dozen in March, up 5.9% from February, despite a sharp decline in wholesale prices.
- The disconnect between wholesale and retail pricing has raised concerns, with retailers accused of not passing on cost reductions to consumers.
- Seasonal demand for Easter and lingering supply chain delays are contributing to sustained high prices, according to economists.
- Major egg producer Cal-Maine Foods is under investigation by the Department of Justice for alleged price fixing, as the company reports record profits.
- President Trump's global 10% tariff policy is adding pressure to the egg market, with potential long-term impacts on pricing and imports.