Egg producers reach federal and state settlement after price-fixing probe
Summary
The U.S. Department of Justice and several states have reached a settlement with three major egg producers accused of working together to raise egg prices unfairly. The companies will provide 53 million eggs to food banks and pay $3.3 million to the states as part of the agreement, which aims to keep egg prices fair for consumers.Key Facts
- The Justice Department and more than a dozen states investigated Cal-Maine Food, Versova/Centrum, and Hickman's Egg Ranch for alleged price-fixing.
- The companies were accused of coordinating to artificially inflate daily egg price quotes from June 2022 to March 2025.
- Daily price quotes from Urner Barry influence what retailers pay for eggs across the U.S.
- The companies will provide 53 million eggs to food banks and pay $3.3 million to the states involved.
- Cal-Maine denied any wrongdoing and called the allegations baseless.
- Versova said the investigation ended without any finding of wrongdoing.
- The settlement must be approved by a court before taking effect.
- Egg prices have been volatile due to factors like bird flu outbreaks and the COVID-19 pandemic.
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