USDA Sec. Rollins: The Price of Eggs Is Coming Down $1,85 per Dozen on Average

BARTIROMO We ve got ░░░░░░░░ talk about the price ░░░░░░░░ eggs The Department of ░░░░░░░░ launching an antitrust investigation ░░░░░░░░ into major egg producers ░░░░░░░░ prices remain high The ░░░░░░░░ cost of a dozen ░░░░░░░░ around 7 this month ░░░░░░░░ to roughly 4 in ░░░░░░░░ By the way I ░░░░░░░░ seen it even higher ░░░░░░░░ 7 much higher by ░░░░░░░░ way Egg prices are ░░░░░░░░ 53 year over year ░░░░░░░░ Secretary you announced a ░░░░░░░░ billion investment to curb ░░░░░░░░ flu You rolled out ░░░░░░░░ five part plan to ░░░░░░░░ prices of eggs They ░░░░░░░░ deregulating production importing some ░░░░░░░░ up to 100 million ░░░░░░░░ from other countries securing ░░░░░░░░ to reduce disease and ░░░░░░░░ culled birds How will ░░░░░░░░ carry this out Assess ░░░░░░░░ situation for us and ░░░░░░░░ timeline that you expect ░░░░░░░░ some price relief on ░░░░░░░░ ROLLINS Well I actually ░░░░░░░░ with some good news ░░░░░░░░ And it is likely ░░░░░░░░ the prices will go ░░░░░░░░ up We re moving ░░░░░░░░ the highest price egg ░░░░░░░░ without avian bird flu ░░░░░░░░ that s because Easter ░░░░░░░░ right around the corner ░░░░░░░░ recently I think just ░░░░░░░░ couple of days ago ░░░░░░░░ price of eggs is ░░░░░░░░ down and we believe ░░░░░░░░ is in reaction the ░░░░░░░░ has reacted to our ░░░░░░░░ that we rolled out ░░░░░░░░ February 26 just about ░░░░░░░░ week and a half ░░░░░░░░ that the prices have ░░░░░░░░ down on average about ░░░░░░░░ 1 85 per dozen ░░░░░░░░ So we re seeing ░░░░░░░░ relief We ve got ░░░░░░░░ long way to go ░░░░░░░░ combating the avian bird ░░░░░░░░ is not something that ░░░░░░░░ can do overnight It ░░░░░░░░ a long term effort ░░░░░░░░ the Biden Administration this ░░░░░░░░ a major problem that ░░░░░░░░ had two years ago ░░░░░░░░ talked about it they ░░░░░░░░ some plans about it ░░░░░░░░ then nothing ever happened ░░░░░░░░ I think that it ░░░░░░░░ really important to know ░░░░░░░░ your viewers that we ░░░░░░░░ on it we have ░░░░░░░░ major plan we ve ░░░░░░░░ out As you mentioned ░░░░░░░░ s got five different ░░░░░░░░ But the real piece ░░░░░░░░ least right now today ░░░░░░░░ news is that the ░░░░░░░░ of eggs seem to ░░░░░░░░ coming down 1 85 ░░░░░░░░ carton is not insignificant ░░░░░░░░ we ve got a ░░░░░░░░ way to go BARTIROMO ░░░░░░░░ that s way down ░░░░░░░░ where it was though ░░░░░░░░ 85 is actually incredible ░░░░░░░░ It is Yeah BARTIROMO ░░░░░░░░ this is an issue ░░░░░░░░ hits consumers as well ░░░░░░░░ corporations because there is ░░░░░░░░ input cost here You ░░░░░░░░ eggs to make so ░░░░░░░░ other things and so ░░░░░░░░ s not just consumers ░░░░░░░░ a dozen eggs it ░░░░░░░░ companies having to spend ░░░░░░░░ the producer level and ░░░░░░░░ you know you go ░░░░░░░░ restaurants you see a ░░░░░░░░ Oh sorry if you ░░░░░░░░ an omelette you ll ░░░░░░░░ to pay an extra ░░░░░░░░ or something ROLLINS That ░░░░░░░░ exactly right Also Maria ░░░░░░░░ know the president s ░░░░░░░░ and what we are ░░░░░░░░ so hard to do ░░░░░░░░ to take the American ░░░░░░░░ to every corner of ░░░░░░░░ country but especially those ░░░░░░░░ have been forgotten under ░░░░░░░░ administrations So eggs are ░░░░░░░░ very inexpensive very nutritious ░░░░░░░░ of protein so now ░░░░░░░░ re kind of getting ░░░░░░░░ the nutrition side but ░░░░░░░░ when you ve got ░░░░░░░░ major obesity epidemic in ░░░░░░░░ country especially amongst those ░░░░░░░░ the bottom of the ░░░░░░░░ economic ladder right then ░░░░░░░░ have a SNAP program ░░░░░░░░ s under USDA that ░░░░░░░░ the food stamp program ░░░░░░░░ s basically covering and ░░░░░░░░ with taxpayer dollars sugary ░░░░░░░░ and candy You have ░░░░░░░░ massive health epidemic So ░░░░░░░░ isn t just input ░░░░░░░░ eggs and how important ░░░░░░░░ are for all of ░░░░░░░░ right I ve got ░░░░░░░░ teenagers I m feeding ░░░░░░░░ big family every single ░░░░░░░░ eggs are a big ░░░░░░░░ of that but for ░░░░░░░░ too it s much ░░░░░░░░ than that It s ░░░░░░░░ do we ensure that ░░░░░░░░ of the least among ░░░░░░░░ have the best access ░░░░░░░░ be able to feed ░░░░░░░░ family and raise healthy ░░░░░░░░ kids for the next ░░░░░░░░ So this is a ░░░░░░░░ bigger policy issue than ░░░░░░░░ we gotta fix avian ░░░░░░░░ flu We do We ░░░░░░░░ make sure that our ░░░░░░░░ layers and our poultry ░░░░░░░░ can thrive in America ░░░░░░░░ do But we also ░░░░░░░░ to make sure that ░░░░░░░░ nutritious food is available ░░░░░░░░ all Americans and eggs ░░░░░░░░ a big big part ░░░░░░░░ that.”