Business
Egg Prices Have Dropped, Though You May Not Have Noticed
The wholesale price of eggs has dropped sharply since the beginning of March after soaring for months, but it may take a few weeks for grocery shoppers to see the decline.
Wholesale egg prices, which is what retailers pay to procure eggs, have fallen to a national average of just over $4 for a dozen large white eggs, down from a peak of more than $8 at the end of February, according to data from the Agriculture Department released last week.
But because eggs typically have a four-week shelf life, it may be the end of March before retail prices start to drop, said Jeremy Horpedahl, an associate professor of economics at University of Central Arkansas. Some stores, he added, may not lower prices until their current inventory sells out.
Economists said that the decline in wholesale prices, which are still above long-term averages, was very likely fueled by a combination of factors: bird flu coming under control, weaker consumer demand, ramped-up supply and producer pricing decisions. The Agriculture Department noted that there had been no significant outbreaks of avian flu in March so far, and economists say any new outbreaks could push up prices again. The virus has forced egg producers to cull tens of millions of hens since late last year.
In February, the retail price of eggs rose 10.4 percent from the previous month, continuing a monthslong climb, according to data from the Bureau of Labor Statistics released last week.
Economists noted that prices might not come down evenly across the country. Areas with competing grocery stores might see egg prices fall more quickly, Mr. Horpedahl said, while those dominated by a single chain — with the power to keep prices high for longer — may not. Retail prices may also depend on grocery chains’ strategies, with some opting to keep prices lower to entice customers into stores.
“They can pass the savings of wholesale prices onto us entirely, or not at all, or somewhere in between,” said David Anderson, a professor of economics and business at Centre College in Danville, Ky. High demand for eggs leading up to Easter may keep prices elevated through then, he said.
President Trump, who made lowering grocery prices a key part of his campaign, has jumped on the wholesale price trend, citing the drop in his speech at the Justice Department last week. At the same time, his sweeping tariffs have stoked concern about an uptick in prices for a host of products, including grocery staples.
The price of eggs and other groceries created angst during the Biden administration, becoming a top concern among voters ahead of the 2024 election. An outbreak of bird flu in 2022, along with increasing fuel, feed and packaging costs linked to the coronavirus pandemic, pushed wholesale egg prices up to nearly $5 a dozen at their peak. Although the spike in egg prices was smaller than the recent surge, it came when overall inflation was higher, piling pressure onto household budgets.
Egg producers have blamed the spread of avian flu for tighter supplies. United Egg Producers, the industry’s trade association, noted that the industry had lost more than 40 million egg-laying hens in 2024 and 31 million in just the first two months of this year as the virus accelerated.
Mr. Anderson said that bird flu has hit supply in “dramatic ways.” But at the same time, he added, “the industry may see the bird flu epidemic as a cover for additional price hikes that aren’t necessarily needed.”
“Part of it is they’re really dealing with a crisis,” he said. “Part of it might be, ‘Do we have some cover to keep our prices artificially high?’”
The Justice Department is in the early stages of an antitrust investigation looking into whether major egg producers have shared information about pricing and supply that contribute to a spike in prices. Some lawmakers and advocacy groups had previously called for federal regulators to investigate the industry’s pricing practices.
Business
Republicans fret as shutdown threatens Thanksgiving travel chaos
WASHINGTON — Republican lawmakers and the Trump administration are increasingly anxious that an ongoing standoff with Democrats over reopening the government may drag into Thanksgiving week, one of the country’s busiest travel periods.
Already, hundreds of flights have been canceled since the Federal Aviation Administration issued an unprecedented directive limiting flight operations at the nation’s biggest airports, including in Los Angeles, New York, Miami and Washington, D.C.
Sean Duffy, the secretary of transportation, told Fox News on Thursday that the administration is prepared to mitigate safety concerns if the shutdown continues into the holiday week, leaving air traffic controllers without compensation over multiple payroll cycles. But “will you fly on time? Will your flight actually go? That is yet to be seen,” the secretary said.
While under 3% of flights have been grounded, that number could rise to 20% by the holiday week, he added.
“It’s really hard — really hard — to navigate a full month of no pay, missing two pay periods. So I think you’re going to have more significant disruptions in the airspace,” Duffy said. “And as we come into Thanksgiving, if we’re still in a shutdown posture, it’s gonna be rough out there. Really rough.”
Senate Republicans said they are willing to work through the weekend, up through Veterans Day, to come up with an agreement with Democrats that could end the government shutdown, which is already the longest in history.
But congressional Democrats believe their leverage has only grown to extract more concessions from the Trump administration as the shutdown goes on.
A strong showing in races across the country in Tuesday’s elections buoyed optimism among Democrats that the party finally has some momentum, as it focuses its messaging on affordability and a growing cost-of-living crisis for the middle class.
Democrats have withheld the votes needed to reopen the government over Republican refusals to extend Affordable Care Act tax credits. As a result, Americans who get their healthcare through the ACA marketplace have begun seeing dramatic premium hikes since open enrollment began on Nov. 1 — further fueling Democratic confidence that Republicans will face a political backlash for their shutdown stance.
Now, Democratic demands have expanded, insisting Republicans guarantee that federal workers get paid back for their time furloughed or working without pay — and that those who were fired get their jobs back.
A bill introduced by Republican Sen. Ron Johnson of Wisconsin, called the Shutdown Fairness Act, would ensure that federal workers receive back pay during a government funding lapse. But Democrats have objected to a vote on the measure that’s not tied to their other demands, on ACA tax breaks and the status of fired workers.
Senate Majority Leader John Thune (R-S.D.) has proposed passing a clean continuing resolution already passed by the House followed by separate votes on three bills that would fund the government through the year. But his Democratic counterpart said Friday he wants to attach a vote on extending the ACA tax credits to an extension of government funding.
Democrats, joined by some Republicans, are also demanding protections built in to any government spending bills that would safeguard federal programs against the Trump administration withholding funds appropriated by Congress, a process known as impoundment.
President Trump, for his part, blamed the ongoing shutdown for Tuesday’s election results earlier this week, telling Republican lawmakers that polling shows the continuing crisis is hurting their party. But he also continues to advocate for Thune to do away with the filibuster, a core Senate rule requiring 60 votes for bills that fall outside the budget reconciliation process, and simply reopen the government with a vote down party lines.
“If the filibuster is terminated, we will have the most productive three years in the history of our country,” Trump told reporters on Friday at a White House event. “If the filibuster is not terminated, then we will be in a slog, with the Democrats.”
So far, Thune has rejected that request. But the majority leader said Thursday that “the pain this shutdown has caused is only getting worse,” warning that 40 million Americans risk food insecurity as funding for the Supplemental Nutrition Assistance Program lapses.
The Trump administration lost a court case this week arguing that it could withhold SNAP benefits, a program that was significantly defunded in the president’s “Big Beautiful Bill” act earlier this year.
“Will the far left not be satisfied until federal workers and military families are getting their Thanksgiving dinner from a food bank? Because that’s where we’re headed,” Thune added.
Business
Sony, CBS settle ‘Wheel of Fortune,’ ‘Jeopardy!’ dispute
Sony Pictures Television and CBS have struck a compromise in their hard-fought legal battle over distribution rights to the popular “Wheel of Fortune” and “Jeopardy!” syndicated game shows.
“We have reached an amicable resolution,” Sony and CBS said Friday in a joint statement. “We look forward to working together to continue bringing these beloved shows to audiences and stations around the world.”
Financial terms were not disclosed.
As part of the deal, CBS will continue to distribute the shows in the U.S. for an additional 2 ½ years — through the 2027-2028 television season. After that, Sony will control the domestic distribution rights.
Sony owns both shows and produces them on its Culver City lot.
The shows have retained their popularity and solid ratings even in the streaming age, as traditional TV has declined. They remain among the most-watched programs on television.
The dispute began more than a year ago, when Sony terminated its distribution deal with CBS and later filed a breach-of-contract lawsuit that claimed CBS had entered into unauthorized licensing deals for the shows and then paid itself a commission. Sony also maintained that budget cuts within CBS, which is owned by Paramount, had hobbled the network’s efforts to support the two shows.
Earlier this year, Sony attempted to cut CBS out of the picture, escalating the dispute.
CBS has long maintained that it had the legal rights to distribute the shows to television stations around the country. The broadcaster previously alleged that Sony’s claims were “rooted in the fact they simply don’t like the deal the parties agreed to decades ago.”
For years, CBS has raked in up to 40% of the fees that TV stations pay to carry the shows. The network took over the distribution of the programs when it acquired syndication company King World Productions in 1999.
King World struck deals with the show’s original producer, Merv Griffin Enterprises, in the early 1980s to distribute “Jeopardy!” and “Wheel of Fortune.” Sony later acquired Griffin’s company, but those early agreements remained in effect.
As part of this week’s resolution, CBS will manage all advertising sales through the 2029-2030 television season.
However, Sony will take over all marketing, promotions and affiliate relations for the shows after the current television season, which ends in mid-2026. Sony will also handle the lucrative brand integration campaigns.
In another element that was important to Sony, the studio will claim international distribution rights beginning this December.
Business
Video: How the Government Shutdown Is Affecting Air Travel
new video loaded: How the Government Shutdown Is Affecting Air Travel
By Niraj Chokshi, Karen Hanley, Leila Medina and James Surdam
November 8, 2025
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