U.S. President Trump's new tariffs could apply to eggs being imported to ease a supply shortage, Agriculture Secretary Brooke Rollins said Thursday.
The United States Department of Agriculture reported a drop in national egg prices last week. Stores in Connecticut like Stew Leonard's have lowered prices.
National egg prices fell 9 percent last week to an average of of $3 a dozen, continuing a recent downward trend after a national egg shortage.
Egg prices peaked due to a deadly outbreak of bird flu that spread across the United States, resulting in the death of millions of egg-laying chickens. Major producers may also have engaged in alleged anti-competitive behavior to drive prices up, prompting an antitrust investigation by the Department of Justice in March.
The cost of a dozen eggs seems to have come down. The U.S. Department of Agriculture said egg prices fell about 9% last week and are about $3 a dozen. The price of eggs had skyrocketed over the past few months due to the bird flu outbreak. More than 130 million chickens have been sickened by the virus over the past few years.
Egg prices soared as millions of birds were culled following the biggest avian flu outbreak in a decade. Prices spiked to a record $8.17 per dozen in early March, and although they have since dropped to $4.15, costs remain significantly higher than previous years.
The price of wholesale eggs dropped by 9%, according to the Agriculture Department. The American Farm Bureau says the lower costs come from fewer bird flu cases. Meanwhile, AAA reports the average price of gas in the DFW area increased as much as 40 cents per gallon in less than 24 hours.