Trump Finally Has a Plan to Solve Egg Costs, and It's a Doozy
The president's plan to bring down egg prices involves outsourcing the country's need to three or four other nations by purchasing 70 to 100 million eggs for the American market, Agriculture Secretary Brooke Rollins said Wednesday.
In an interview with Fox News earlier in the day, Rollins first and foremost blamed the rising egg cost on Biden administration policies, rather than the spread of avian flu, which has practically devastated egg production across the nation.
'This shows the price of eggs over the last 40 years,' Rollins said, holding up a line graph. 'As you can see, the price was pretty static for 40 to 50 years, actually, and then all of a sudden under Obama it went up a little bit, Trump went down, and then Biden it has skyrocketed.'
In January, the price of a dozen eggs rose by 13.8 percent and averaged $4.95 across the country, according to The New York Times. By late February, the average cost for a dozen eggs had soared to roughly $8.
Avian flu—which is largely spread by wild fowl—has added incredible strain on American chicken farmers, extinguishing some small businesses overnight as they contend with infection in their roosts. If just one hen tests positive for the H5N1 virus, it could precipitate the preventative deaths of the entire flock.
The disease, which so far has affected 166 million birds, temporarily shuttered New York City's poultry markets earlier this month and skyrocketed the cost of a standard dozen eggs to more than $12 in Key Foods and C-Town, amid a nationwide egg shortage. In Connecticut, the price for a dozen eggs at Stop & Shop approached $20.
Rollins told Fox that the USDA will also offer 'biosecurity' assistance to help American farmers secure barns to prevent further spread of the virus. But when it comes to solutions for getting eggs back into American households, Rollins pointed to deregulation and outsourcing the immediate need to other countries.
'This would not be a long-term fix but to immediately begin to bring those prices down,' Rollins told Fox.
Meanwhile, one of the largest egg producers in the nation is facing scrutiny for managing to raise revenues and profits amid the ongoing food crisis.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
32 minutes ago
- Business Insider
TGT Earnings: Target Stock Slumps as CEO Exit Overshadows Q2 Beat
Target (TGT) stock is down nearly 9.6% in pre-market trading despite reporting better-than-expected second-quarter results this morning. Shareholders are reacting negatively to the announcement that long-time executive and current COO Michael Fiddelke has been appointed as the next CEO. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Fiddelke will take over as CEO on February 1, 2026, when current CEO Brian Cornell steps down and transitions to the role of executive chair of the board. Target Beats Q2 Expectations The American big-box retailer saw its sales fall by 0.9% year-over-year to $25.21 billion, but surpassed analysts' consensus of $24.9 billion. Similarly, adjusted earnings of $2.05 per share beat the consensus estimate of $2.04 per share, but were significantly lower than prior-year period's figure of $2.57 per share. The sales decline was driven by a 1.2% year-over-year drop in merchandise sales, partially offset by a 14.2% increase in non-merchandise sales. Non-merchandise sales include advertising income and profit-sharing from credit card partnerships. Comparable sales fell 1.9% compared to Q2 FY24, reflecting a 3.2% decline in comparable store sales, which was partially offset by a 4.3% increase in digital sales. Target had anticipated higher markdowns and tariff-related costs would weigh on margins. However, disciplined cost management helped offset some of the pressure. Meanwhile, Target continues to pay a quarterly dividend of $1.14 per share, reflecting an above-industry average current yield of 4.29%. Target Maintains Fiscal Year 2025 Outlook Interestingly, Target did not revise down its full-year fiscal 2025 guidance despite ongoing challenges, including weak merchandise trends, staffing difficulties, and softer in-store traffic. The company reiterated its forecast for a low single-digit sales decline in FY25 and projected adjusted earnings between $7.00 and $9.00 per share. For comparison, Wall Street estimates a 1.5% decline in FY25 sales and adjusted EPS of $7.28. Looking ahead, Cornell stated, 'As we enter the critical back-to-school and holiday seasons, our team remains focused on consistent execution and building momentum as we look ahead to the new year.' Is TGT Stock a Buy, Hold, or Sell? On TipRanks, TGT stock has a Hold consensus rating based on 12 Buys, 16 Holds, and four Sell ratings. The average Target price target of $103.40 implies 1.9% downside potential from current levels. Year-to-date, TGT stock has lost 19.6%. Please note that these ratings were issued before the Q2 results and may change once analysts revisit them.
Epoch Times
an hour ago
- Epoch Times
Europe Expected to Provide ‘Lion's Share' of Security Guarantees for Ukraine, Vance Says
U.S. Vice President JD Vance said on Aug. 20 that European nations will need to take the 'lion's share' of the burden of providing Ukraine with security guarantees as part of efforts to end the war with Russia, signaling the Trump administration's intention to limit U.S.-backed military support for Kyiv moving forward. Vance, speaking with Fox News's 'The Ingraham Angle' show on Wednesday, made the comment two days after Ukrainian President Volodymyr Zelenskyy met with President Donald Trump in the White House while flanked by a team of European leaders, including British Prime Minister Keir Starmer, French President Emmanuel Macron, and German Chancellor Friedrich Merz.
USA Today
an hour ago
- USA Today
The terrible new Cracker Barrel logo sums up everything wrong with the rebranding
The recent Cracker Barrel interior remodeling process has generated a lot of ire, and justifiably so. Rather than keep the rustic charm of a dusty old Southern kitchen where the smell of country ham and stovetop biscuits coats the air, walls adorned with busted farming equipment and Rockwellian photos from a bygone American era, the new remodels look like joyless First Watch knockoffs. We get changing with the times, but this is the Cracker Barrel for crying out loud. You want to improve the Cracker Barrel? Up the game on the food options; don't take away the one thing that made it worthy of nostalgia, its aura. You go to the Cracker Barrel with your grandparents early on a Tuesday morning in the summer before going to Costco. You play checkers with your brother by the fireplace on a cold winter night while your family waits for the meal. You sit in the rocking chairs on the porch during a confusingly long wait for Saturday brunch. You run over to that mechanical toy parrot who records what you say and repeats it in the gift shop and tell it a potty word for some poor sap to hear once you scurry away, giggling like an idiot. That's the Cracker Barrel, folks. That's America. The rebranded logo cements what a travesty this is to undo the foundation a proud chain restaurant tradition. No longer is it an "Old Country Store." No longer is there a friendly man reclining in a wooden chair. No longer is there even a barrel. It's the Cracker Barrel! Where's the barrel?! Now, it's just a big yellow blob designed by a first-year graphic design student studying minimalism. That stinks. I'm sorry, but it stinks. Why did we have to change the Cracker Barrel logo? The "sunny" designs chase the poppy casual brunch vibes of Maple Street Biscuit Company and Another Broken Egg Cafe. Those are a dime a dozen; they're not the Cracker Barrel. What's next? A hip, modern spin on the Waffle House?! That's not what Cracker Barrel is! Cracker Barrel is supposed to feel like yesterday, like a wooden time capsule back to a time where your mom would complain to the waiter that your table is way too close to the smoking section and bacon was considered a side dish to go with a huge stack of pancakes, made-to-order eggs and cinnamon apples. It's the place where you and your grandma go get a quick bite to eat before going to the movies, or the place where a 10-top table is needed because your entire family decided to show up for an impromptu supper one random night. No, we didn't go to the Cracker Barrel for a Michelin Star. Heck, we often didn't even go there for great food unless you were ordering from the breakfast menu. You went because it was the only place your family could agree to eat at after church, or we went because O'Charley's was way too crowded. We went because it was there. It's still there, sure, but it's not there anymore. The menu names still retains a bit of that Southern spark, but one click of the main page as of Wednesday evening advertises a new "Herb Roasted Chicken" dish. Herb Roasted Chicken?! Excuse me, this is the Cracker Barrel. I'm supposed to eat food that would offend my doctor, thank you very much. Southern food isn't supposed to be "good for you," and Cracker Barrels aren't supposed to make you feel influencer bright and TikTok cookbook-y. The old timey atmosphere was always comforting. Where else can you get rocking chairs, fireplaces and random grist mill parts on the wall? The Cracker Barrel was and never will be a great restaurant in the same way a signature José Andrés restaurant is. For one, you seek the best of fine dining. For another, you just want to feel like home. Trying to adapt to the modern age is what medicine and transportation are for, not the Cracker Barrel. Some things really don't need to change. If you need us, we'll be sulking at a hopefully un-remodeled Cracker Barrel over a Country Boy Breakfast... with biscuits and cornbread. If we ask for an old menu, it's because we don't want to use the new one.
