Madison Alworth of Fox Business discusses the Trump administration plan to reduce egg prices.
Restaurants face high costs of eggs in the midst of a continuous shortage and an investigation reported by the Ministry of Justice (DoJ) on the Ciel prices.
Some restaurants have introduced supplements to eggs in recent weeks to help them deal with increased costs they have encountered for the product.
Mary Josephine Generoso, director of Pasticceceria Rocco in New York, told Fox Business, the correspondent Madison Alworth on Monday in “in”The Big Money Show“That the restaurant” initially thought when we looked at one of our invoices that the price was incorrect or that we had to scam “because the prices of the eggs were so high.
Restaurants face high costs of eggs in the midst of a continuous shortage and an investigation reported by the Ministry of Justice (DoJ) on the Ciel prices. (Cell Gunes / Anadolu via Getty Images / Getty Images)
“We actually called another seller who confirmed egg prices,” said Generoso. “Last week alone, they were more than $ 230, so it’s just crazy. It’s an exuberant amount of money.”
The prices of eggs which should jump more than 40% in 2025: USDA
“Since last week, there were $ 230 for 30 dozen,” said Generoso about the cost of eggs from the restaurant she manages in the interview. “In December, it was about $ 122 for a case of 30 dozen, and a few years ago, we looked between $ 38 and $ 60.”
Due to the prices of eggs, Rocco has set up a small supplement on sandwiches and egg omelets, Alworth reported.
The large Waffle House and Denny channels implemented egg supplements last month. The temporary supplement of Waffle House restaurants was 50 cents per egg, while Denny’s told Fox Business at the time that “price decisions were taken on the market and restaurant by catering due to the regional impacts of the egg shortage”.
Highly pathogenic avian flu epidemics, commonly known as avian flu, rarely caused eggs in the United States and have contributed to high prices for many consumers and businesses.
A dozen eggs of great year A have reached an average cost of $ 4.95 in January, 80 cents more expensive than the previous month and $ 2.43 more expensive than January of last year, according to the Bureau of Labor Statistics.
Highly pathogenic avian flu epidemics, commonly known as bird flu, caused a lack of eggs in the United States (Istock / Istock)
The agency said the consumer price index has shown a 53% year -round year to the other from the cost of eggs in January.
A report published last week by the Ministry of Agriculture struck the prize for “national trading of quantities of fatty, cowardly and white eggs” at $ 6.85 per dozen.
Reports surfaced at the end of last week that the DoJ was considering egg prices.
Department of Justice Survey on the overvoltage of egg prices: report
The antitrust executors of the department examine the cause of the price increase, especially if the egg producers conspired to inflate them artificially by holding the supply, The Wall Street Journal reportedQuoting sources.
The bird flu epidemic was “devastating” for industry and its farmers and caused supply problems, according to an American egg marketing organization.
The consumer price index has shown a leap of 53% from one year to the cost of eggs in January. (Luke Sharrett / Bloomberg via Getty Images / Getty Images)
“Since January 2025, the beginning of this year, we have lost more than 30 million birds and cash,” said Emily Metz, CEO of American Egg Board, in Fox Business. “Last week was actually the first week, we spent a full week without a new farm having an epidemic of avian flu, so this impact was devastating on our industry. It was devastating for our farmers and, as I said, our farmers are in the struggle of their lives.”
At the end of last month, the American Department of Agriculture (USDA) unveiled a plan to “slow down the very pathogenic avian flu, protect the American poultry industry and reduce egg prices”. This will involve an investment of $ 1 billion.
The Trump administration unveils the key strategy to “immediately” lower the prices of record eggs
According to the USDA, $ 500 million in funds will go to biosecurity measures, while $ 400 million will help farmers financially affected by the epidemic. Vaccine research will get $ 100 million, he said.
In 2024, the consumption of eggs per capita in the United States amounted to 37.8 pounds, according to Ibisworld.
Brie Stimson contributed to this report.
