Walmart's $2 eggs spark concerns, questions
In December, the average cost for a dozen large Grade A eggs in U.S. cities hit $4.25, up $1.79 from a year earlier.
www.newsweek.com
eggs being sold for $2 a carton at a Walmart in Kentucky caused a large online response from people discussing the recent spike in egg prices across the country.
The price of eggs has spiked in recent months and reached a record high in December, when the average cost for a dozen large Grade A eggs in U.S. cities hit $4.25, up $1.79 from a year earlier, according to Bureau of Labor Statistics data.
Farm Action President Joe Maxwell told Newsweek that judging by the listed price, the Walmart in Harrodsburg is "selling the eggs at below the wholesale price reported by the USDA."
I'm sure that this particular retailer has decided...to get consumers in the store," Maxwell said.
Maxwell said the discount is likely making other stores feel some pressure.
"If you're a retailer in that town, you're probably saying, 'We're going to have to drop our price at some point, or otherwise Walmart's going to own all the egg shoppers,'" he said.
