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HEY, DEMOCRATS, THE YOLK'S ON YOU!
The Trump administration is planning a significant increase in US egg imports to counter the Biden-Harris administration's questionable handling of the avian flu crisis. The previous administration's approach—mass culling of tens of millions of birds at commercial broilers with little consideration for the marketplace—has led to record-high egg prices. Ramping up egg imports temporarily should help alleviate sky-high prices.
On Wednesday, President Donald Trump told top officials at a Cabinet meeting that "Eggs are a disaster," adding, "We have to get the prices down, get the inflation down, the prices of eggs and various other things."
To do this, the US Department of Agriculture will import between 70 million and 100 million eggs over the next two months in an effort to cap egg prices. This initiative is part of a five-part plan, backed by $1 billion in funding, aimed at addressing the bird flu crisis and fixing the Biden administration's mass culling policies of these hens at commercial broilers that ignited prices at the supermarket.
Millions of birds at commercial broilers have been mass-culled as the nation's egg-laying laying hen population fell to its lowest level since 2016 last month.
One very questionable policy under the previous administration was the mass culling of egg-laying hens at commercial broilers without any countermeasure to offset plunging output. It almost seemed as if the administration intended for egg prices to skyrocket. Now, Trump is cleaning up the mess by boosting egg imports while implementing new domestic policies to contain the biosecurity threat.
Monday's print of the Urner Barry Egg Index EBP shows wholesale prices jumped to $7.59, a new record high. Since late December, wholesale prices have jumped to new record highs by the week, with reports of egg shortages nationwide.
Trump's Bold Plan: Boost Egg Imports To Reverse Biden's Bird Flu Blunder That Tanked Nation's Hen Population | ZeroHedge
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