Justice Department reportedly to launch anti-trust investigation into high egg prices

The Department of Justice (DOJ) has reportedly opened an anti-trust investigation to determine whether big egg producers have colluded to raise prices or diminish supplies of eggs, according to the Wall Street Journal (WSJ).

While the egg industry and many media outlets attribute the escalating cost of eggs only to avian flu, the WSJ report observes that Cal-Maine Foods, a large and publicly-traded egg company, “has reported rising profits from the rise in egg prices and saw its stock surge in the years since the bird flu outbreak.” ---More...