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The Gist

Jonathan Cheng on When Pyongyang Was the Jerusalem of the East

The Gist

Peach Fish Productions

Daily News, News

4.53.7K Ratings

🗓️ 20 April 2026

⏱️ 30 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Egg producers scrambling to stave off antitrust.

0:07.0

It's Monday, April 20th, 20, 26 from Peachfish Productions.

0:11.0

It's the gist. I'm Mike Pesca.

0:13.0

Major egg producers including Cal Main Foods in Versova,

0:17.0

which significantly hiked egg prices in 2024 and 2025 are being investigated.

0:23.5

Back then, they said it was bird flu, but this investigation reveals that market manipulation

0:29.0

might have been at play.

0:30.7

And while the prices were largely yoked to the dwindling supply, thanks to the culling of

0:36.2

large flocks, there was. The investigation

0:38.5

is indicating chicanery at play as well. The competitors share sensitive information to set

0:45.0

prices through middlemen who lack independence and the ability to catch collusion. They are, in fact,

0:50.2

not much more than shell companies. The price of eggs dropping all over the country,

0:55.3

the AP reports. The average price of eggs was $2.50 per dozen in February this year, compared to

1:01.0

$6.23 per dozen in March 2025. Bird flu was to blame for the higher retail prices during

1:06.5

the first five months of 2025. An outbreak forced farmers and commercial producers to slaughter entire

1:11.8

broods of egg-laying hands. The case has dwindled in the second half of the year, which helped

1:15.6

restore egg supplies. Experts say the Trump administration's decision to import nearly one billion

1:20.4

eggs last year also helped lower prices. And this reporter can confirm. Yesterday, a dozen jumbo

1:26.7

eggs, 99 cents. Se seen at Western beef, a store

1:31.3

strangely operating only in the New York Bronx and Long Island areas. But these low, low Western beef prices

1:37.4

might not be a function of the DOJ's beef with big egg, could very well be oversupply as a result of ramped up production to meet

1:47.1

the demand brought on when avian flu ravished the egg community.

...

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