Reed asked FTC to crack down on possible egg price gouging

Previously, in a letter dated January 24, Senator Jack Reed asked the Federal Trade Commission, or FTC, and Chair Lina Khan to look into the high prices of eggs and possible price gouging by big egg companies. In his announcement of the letter asking for the probe, Reed noted that "the largest U.S. egg producer," Cal-Maine Foods, which the Senator said "controls 20 percent of the retail egg market" reported "record profits of $323 million as of the most recent quarter, swinging from a loss of $16.8 million during the same period in the previous year." Reference Link