US egg prices fall for the first time in months but remain near record highs
U.S. retail egg prices fell in April from the record-high prices they hit earlier this year, according to government data released Tuesday.
The average price for a dozen Grade A eggs declined to $5.12 last month after reaching a record $6.23 in March, according to the Consumer Price Index. It was the first month-to-month drop in egg prices since October 2024.
Overall, the average price of eggs of all sizes fell 12.7%, the steepest monthly decline since March 1984.
The costs of 3 consumer goods have hit all-time highs. Here's how everyday prices are changing under Trump.While wholesale egg prices have been coming down for a while, it was unclear how much store prices would decrease in April because consumer demand is usually high around Easter and Passover.
Still, retail egg prices remain near historic highs as a persistent outbreak of bird flu wipes out flocks of egg-laying hens. The April average price for a dozen large eggs was 79% higher than the Bureau of Labor Statistics reported for the same month a year ago, when the price averaged $2.86 per dozen.
Bird flu has killed more than 169 million birds since early 2022. Any time a bird gets sick, the entire flock is killed to help keep bird flu from spreading. Once a flock is slaughtered, it can take as long as a year to clean a farm and raise new birds to egg-laying age.
That can have an effect on the egg supply because massive egg farms may have millions of birds. Outbreaks on two farms in Ohio and South Dakota last month affected more than 927,000 egg-laying hens.
Lowering egg prices has been a particular focus of President Donald Trump. In February, the U.S. Department of Agriculture said it would invest $1 billion to help farmers improve their biosecurity measures to fight bird flu.
The U.S. has also increased imports of eggs from South Korea, Turkey, Brazil and other countries. According to Wells Fargo Agri-Food Institute Sector Manager Kevin Bergquist, the volume of egg and egg product imports increased 77.5% during the first three months of the year compared to the same period a year ago.
The antitrust division of the U.S. Department of Justice is also investigating Cal-Maine Foods, the largest U.S. egg producer, which supplies around 20% of America's eggs. Cal-Maine confirmed the investigation in early April..
Ridgeland, Mississippi-based Cal-Maine said its net income more than tripled to $508.5 million in its most recent quarter, which ended March 1.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Miami Herald
28 minutes ago
- Miami Herald
Major healthcare business files for Chapter 11 bankruptcy
Biotechnology companies often encounter common challenges of long timelines for developing their products, the high costs associated with creating their innovations, and regulatory problems that must be solved to bring their inventions to market. Companies will amass huge amounts of debt over the years that's needed to develop medical devices, drugs, and other products, which can lead to financial distress and sometimes bankruptcy filings. Don't miss the move: Subscribe to TheStreet's free daily newsletter Over a 12-year period from 2011 through 2022, biotech firms filed fewer than 10 bankruptcies each year, but that changed beginning in 2023. Related: Key healthcare company files for Chapter 11 bankruptcy Biotech firms filed 14 cases in 2023, which was the highest number since 2010, when 14 firms filed for bankruptcy. Companies filed 13 petitions in 2024. Economic issues common to all businesses, such as rising costs of labor and products driven by inflation and rising inflation, played a role in distress over the last two years. AmplifyBio, which develops next-generation vaccines, medicine, and therapeutics, filed for Chapter 11 protection on May 17, 2025, seeking to sell all of its assets and liquidate through the bankruptcy process. The debtor's largest creditors included certain shareholders, including Battelle Services Co., owed $3.25 million; Battelle Memorial Institute, owed $1.89 million; and Kavra 14 LLC, owed $1.8 million. Distressed biotechnology company Synthego Corp. filed for Chapter 11 bankruptcy protection on May 5, seeking to sell its assets to its prepetition lender Perceptive Credit Holdings III L.P. in a bankruptcy sale with a stalking-horse bid calling for a credit bid of $74.4 million of debt owed to the lender, as well as a $12.5 million DIP financing. Austin, Texas-based biotechnology company Molecular Templates Inc., which develops cancer treatment drugs, filed for Chapter 11 bankruptcy on April 20, 2025, with plans to hand its assets to its secured lender as part of a restructuring support agreement. And now, medical diagnostics company Capture Collective Inc., which is developing and commercializing medical testing equipment for early detection of radiation exposure, and two affiliates, filed for Chapter 11 bankruptcy protection on May 27 to reorganize their debts, facing high litigation costs. Related: Major health care company files for bankruptcy to sell assets The company listed $1 million to $10 million in assets and liabilities in its petition filed in the U.S. Bankruptcy Court for the Southern District of Ohio, including a $5.7 million disputed tax claim owed to its largest creditor Hawaii Department of Taxation. More bankruptcy: Iconic auto repair chain franchise files Chapter 11 bankruptcyPopular beer brand closes down and files Chapter 7 bankruptcyPopular vodka and gin brand files for Chapter 11 bankruptcy The Columbus, Ohio-based debtor and affiliates Capture Diagnostics LLC and Capture Diagnostics HIB01 had also faced costly contract disputes as a result of its Covid-19 testing business that ceased operations in May 2023. Capture Collective was unable to resolve the contract disputes with claimants after the Covid-19 testing business ended. The company said high litigation costs had exhausted all of its remaining capital resources and made it impossible for the company to obtain new venture capital, according to information provided by RK Consultants. All litigation filed against Capture Collective and its affiliates is subject to an automatic stay while the bankruptcy case proceeds. Capture Collective is developing the radiation biodosimetry diagnostic test, MiRAD, a high-throughput, microRNA biomarker-based biodosimetry assay, which enables individualized clinical biomarker quantification in direct correlation with radiation exposure. Related: Another major healthcare company files Chapter 11 bankruptcy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
28 minutes ago
- Yahoo
Antisemitism is on the rise. Here's how the West is reacting
President Donald Trump condemned the attack in Boulder, Colorado, on a group advocating for the release of Israeli hostages held by Hamas in Gaza. The police arrested a man who allegedly threw Molotov cocktails and used a makeshift flamethrower on a crowd of 20 people. The suspect, disguised as a gardener, yelled 'free Palestine' during the attack, according to eyewitnesses. He faces hate crime charges in federal court, according to The Associated Press. Twelve people suffered injuries. Trump on Monday said the attack 'will not be tolerated' and blamed former President Joe Biden's border policies for allowing the suspect to come to the U.S. Sources at the Department of Homeland Security and Immigration and Customs Enforcement told Fox News the suspect 'is an Egyptian national who overstayed his visa.' Trump promised that such 'acts of terrorism will be prosecuted to the fullest extent of the law' before expressing his condolences to the victims and Coloradans. This is one of the latest high-profile incidents of violence to make headlines. Late last month, another suspect chanting 'free Palestine' fatally shot two staff members at the Israeli Embassy in Washington, D.C., as they were leaving an event at the Capital Jewish Museum. The police identified the victims as Yaron Lischinsky, a Christian Israeli man, and Sarah Milgrim, a Jewish American woman, as the Deseret News reported. Antisemitism and political violence are on the rise in the U.S. According to the Anti-Defamation League, more than 9,350 instances of antisemitism were recorded in 2024, a 344% increase over the past five years. The White House is putting up a fight against colleges by directly negotiating for more oversight with prestigious educational institutions like Harvard University. The Federal Task Force to Combat Anti-Semitism led the fight against Harvard and other universities where antisemitic incidents have been reported. Several states are also taking note of a rise in hate crimes against American Jews in the U.S. and proposing legislation to address this troubling trend. In Colorado, Gov. Jared Polis, who is Jewish and represented the state in Congress for a decade, condemned the Boulder attack publicly and through a letter signed by more than two dozen state and local leaders. Here's what other Western states are proposing. A recent bill from the state House, which was passed in the state Senate, would ban educators in Arizona's public schools and colleges from teaching antisemitism. Teachers and university professors can be held liable if they are found to be teaching or promoting antisemitism. Rep. Michael Way, a Republican, introduced the bill to make schools a place of learning, 'not breeding grounds for hatred and discrimination,' he said in February. 'Arizona has zero tolerance for antisemitism, and this bill ensures that our classrooms are free from the toxic ideology that fuels division and hostility,' the press release said. The state's teacher's union wrote a letter to Arizona Gov. Katie Hobbs, opposing the bill, which, they argue, 'strips Arizona public school educators of professional liability protections if they face accusations of antisemitism.' The letter added the bill doesn't address 'racism, sexism, anti-LDS bias, Islamophobia, or other forms of bigotry.' HB2867 also does not cover incidents of antisemitism at private schools supported by taxpayer-funded vouchers. The Democratic-led Nevada Legislature passed a bill that defines antisemitism for discrimination investigations. The language in the bill, now on the governor's desk, defines antisemitism as 'a certain perception of Jews, which may be expressed as hatred toward Jews. Rhetorical and physical manifestations of antisemitism are directed toward Jewish or non-Jewish Individuals and/or their property, toward Jewish community institutions and religious facilities.' It uses the widely used definition provided by the International Holocaust Remembrance Alliance. Jolie Brislin, regional director of the Anti-Defamation League, told the Las Vegas Review-Journal this definition 'does not limit free speech or punish criticism of Israel.' The final vote on the bill came a day after the attack in Boulder. Two Jewish teenagers from Las Vegas — 15-year-old Ethan Cohen and 14-year-old Meyer Delee — helped put a spotlight on the bills that designate Jan. 27 each year as 'International Holocaust Remembrance Day' and define antisemitism for the Nevada Equal Rights Commission. Like other states in the West, members of California's Legislative Jewish Caucus initially pursued a bill to create standards for what's acceptable coursework for the state's ethnic studies classes. They wanted to prevent students from being exposed to dangerous content in classrooms. But the caucus shifted strategies and decided to widen the scope by backing a law that strengthens the processing of discrimination complaints to include educators and board members and install an 'antisemitism coordinator' for the state. 'There have been troubling reports of incidents of antisemitism happening within the very spaces meant to foster inclusion and critical thinking,' state Sen. Akilah Weber Pierson, D-La Mesa, chair of the Legislative Black Caucus, told J-Weekly. Her caucus supports the bill. 'We've heard allegations that some educators and even school board members have made comments that marginalize or exclude Jewish voices.' Activists who support Palestine said the bill censors people who criticize Israel.
Yahoo
29 minutes ago
- Yahoo
‘Something you can never replace': NC widows sue Myrtle Beach aviation company after husbands 2022 plane crash deaths
HORRY COUNTY, S.C. (WBTW) — Two North Carolina widows say they're heartbroken and frustrated after filing a federal lawsuit in February against a Myrtle Beach-based aviation company that may be liable for the deaths of their husbands. 'As much as we don't want to go to trial, we will do anything for justice,' widow Toni Titone said. Terry Druffel and Barrie McMurtrie died in a single-engine plane crash in a wooded area outside of Conway in September 2022. Almost six hours after the crash, widow Linda Druffel says the Horry County coroner called her and Toni Titone to tell them their husbands died at the scene. The widows told News13 the plane was in flames when it crashed. They say authorities could not identify their husbands until they found McMurtrie's logbook. 'This is the only thing I have left of my husband,' Linda said, holding the center of her necklace. 'It's his wedding ring from that crash.' The widows' wrongful death and negligence lawsuit says Druffel and McMurtrie flew McMurtrie's single-engine Piper PA-28R on September 14, 2022. The lawsuit claims Myrtle Beach-based Executive Helijet Aviation worked on that plane months earlier. Linda says experts who examined the plane told her, within about 10 minutes of the flight, oil started leaking from the engine. When Druffel and McMurtrie tried to land in a landfill area, their right wing hit a tree. Titone and Linda say their husbands were experienced pilots. McMurtrie flew for 30 years. Druffel spent 24 years in the Navy as a helicopter pilot and 25 years with his commercial pilot's license. 'My nephews, today, just got their private pilot's licenses because of Uncle Terry, who started flying with them when they were little boys,' Linda said. In its final report in December 2023, the National Transportation Safety Board said the probable cause of the crash was the mechanic's failure to install a required gasket on the vacuum pump drive pad, which led to a loss of engine power. Linda said 16 months before Druffel and McMurtrie died, another pilot crashed and died after Executive Helijet Aviation allegedly put equipment into his plane upside down. 'Three wonderful pilots, three wonderful men, were killed because of their negligence,' Linda said. Titone says Executive Helijet's insurance company initially offered her and Linda a $2 million policy. However, the insurance company eventually told the widows they would not be getting that money. Linda and Titone are suing the aviation company for more than $75,000. 'We didn't just lose our husbands,' Titone said. 'We lost a lot of financial stability, and we lost love.' 'We lost something you can never replace,' Linda added. In response to the widows' complaint, Executive Helijet Aviation denies any liability for the crash. News13 reached out to Executive Helijet's lawyer, but we have not heard back. Court records show jury selection is set for March 2, 2026. * * * Skylar Musick is a multimedia journalist at News13. Skylar is originally from Long Island, New York. She joined the News13 team in June 2024 after graduating from Villanova University in May 2024. Follow Skylar on X, formerly Twitter, Facebook, or Instagram, and read more of her work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
