Egg Prices Drop Sharply Following USDA Intervention

The U.S. Department of Agriculture's $1 billion plan to combat avian flu and stabilize egg prices has led to a significant price decrease after months of record highs.

The average price of a dozen eggs has fallen by $1.85 in the last two weeks, now at $6.08, compared to $8 at the start of March.
The USDA's $1 billion initiative includes $500 million for biosecurity measures, $400 million in financial aid for farmers, and $100 million for vaccine research.
Avian flu outbreaks have killed over 160 million birds since 2022, severely impacting the poultry industry and contributing to soaring egg prices.
The Department of Justice is investigating potential price manipulation in the egg market, focusing on whether producers colluded to inflate prices.
Restaurants and consumers have faced surcharges and high costs due to the egg shortage, with some businesses exploring alternative solutions like backyard chicken rentals.