Egg prices CRASH! Farmers STILL losing money
FOX Business correspondent Grady Trimble reports from Matteson, IL, highlighting the struggle of local egg farmers like Marty Thomas. Despite surging egg supply driving consumer prices down, farmers face losses as their production costs remain high, forcing them to adapt.
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More than 1.7 million free eggs have already been delivered to Texas food banks, with another 5.3 million slated to arrive in the coming weeks as part of an antitrust settlement with three major egg producers, Texas Attorney General Ken Paxton announced Tuesday.
The statewide distribution stems from settlements reached in June with Cal-Maine Foods, Centrum/Versova and Hickman’s Egg Ranch, resolving antitrust claims brought by the Trump administration’s Department of Justice and a coalition of state attorneys general over allegations the companies conspired to inflate egg prices between 2022 and 2025.
Under the agreements, the companies will donate more than 7 million eggs to Texas food banks and pay a combined $3.3 million to participating states.
“After securing 7 million eggs for the people of Texas, I am excited to announce that Texans will now have an opportunity to receive cartons of free eggs in communities across the state,” Paxton said. “I will continue to help our families put food on the table and do everything within my power to lower prices and help Texans who are struggling to make ends meet.”
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Ken Paxton announced that more than 7 million free eggs will be distributed to Texas food banks under antitrust settlements with three major egg producers. (Antranik Tavitian/Bloomberg via Getty Images)
The distributions are being coordinated with Feeding Texas, the state’s largest hunger-relief organization. Seventeen food banks are participating in the effort.
The Houston Food Bank is expected to receive the largest allocation with 1,544,400 eggs, followed by the North Texas Food Bank in Plano and the Tarrant Area Food Bank in Fort Worth, which will each receive 842,400 eggs. Other participating food banks are located across the state, including Austin, San Antonio, Tyler, Corpus Christi, El Paso, Laredo, Odessa, Pharr, Beaumont, Amarillo, Lubbock, Victoria, Abilene and Wichita Falls.
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A man reaches for food supplies at a pantry serving families in need. (Olivianna Calmes)
It was not immediately clear when individual food banks would begin distributing the eggs to Texans or whether eligibility requirements would vary by location.
Cartons of eggs are stacked in a packing facility. Texas officials say more than 7 million eggs will be distributed to food banks statewide through an antitrust settlement with three major egg producers. (Matthias Bein/picture alliance via Getty Images)
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A spokesperson for Feeding Texas did not immediately respond to Fox News Digital’s request for comment on distribution timing and how Texans can receive the eggs. Fox News Digital also reached out to Cal-Maine Foods for comment on the settlement and the statewide donation effort.