I did not realize the egg crisis was found to be price fixing operation.
As I recall during the whole thing the news was non-stop about how it was related to broad-based inflation, chicken culling for avian flu, etc. Seems like all that was a lie, or at least merely a half-truth.
The avian flu pandemic started in early 2022. I looked up old news articles and a lot of them are dated February 2022. It really did increase egg prices.
The collusion quotes in this article start in October 2022, though it doesn't say exactly when the collusion started.
As far as I can tell, avian flu did create a supply shock, which did raise prices. When the avian flu problem started going away, the egg companies started colluding to try to keep the egg prices high.
Never let a good crisis go to waste, or so the saying goes.
The consolidation of food production in the US is a risk to us all.
have you ever seen the documentary food inc?
This one? https://www.philo.com/player/player/vod/Vk9EOjYwODU0ODg5OTY0...
Back then I had done the math on how long it takes to turn around a commercial chicken coop after a complete full. The timeline from egg to fully producing hen was quicker than I thought, and it seemed they should have been able to keep up the replacement rates.
The US economy is jampacked with collusion price fixing. Most markets are controlled by monopolies or oligopolies.
I call it 3 scams in a trench coat pretending to be a real economy. Though obviously there are more than 3 going. You kinda have to be in one of the grifts in order to pay the costs of the others, like work in military contracting in order to pay for healthcare. That’s why crackdowns on fraud, collusion, and other such grifts, rackets, and anticompetitive actions in the US is doomed to fail, those who benefit from it tend to be the most reliable political donors. It’s hard to go after one and not go after the others and that would upset a lot of politically powerful people, this results in an armistice and not going after any.
of course it helps that all of these politically powerful and reliable donors are also epstein class untouchables.
It was 100% due to Biden.
(Or so I was told. Might even be the reason we have Trump 2.0?)
Yeah, he's definitely the cause of all our past and current problems.
The major egg supplier for most of the grocery stores decided not to buy as many pullets to replace the ones they culled from Avian Flu, and then the second and third largest also followed suit. As a result there was a bug supply crunch that coincided with Avian Flu cullings. Unless Biden was there making command decisions about how many pullets to buy that year he had nothing to do with it.
Not disagreeing, but all I heard was Biden-flation (or whatever they called it) was why we needed a new President.
It could have been investigated. Even this article states prices went down as a likely result of the investigation. Turning a blind eye bears some culpability. All we heard during those years was that it was due to avian flu shortage, and if you mentioned otherwise, you got shouted down by politically connected people.
> It could have been investigated.
The investigation started during Biden’s term as president.
Not sure where you’re getting this information, it began early 2025:
https://www.politico.com/news/2025/03/07/doj-investigation-e...
If all you needed was a new president you could have chosen the other option.