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.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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The Houston Food Bank is expected to receive the largest allocation with 1,544,400 eggs, followed by the 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 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.