The U.S. Justice Department and 17 states reached settlement agreements with three major egg producers this week to resolve allegations that the companies illegally colluded for years to raise prices, including when the cost soared to record highs last year.
The states and federal government accused Cal-Maine Foods, Versova and Hickman’s Egg Ranch of a behind-the-scenes arrangement to “artificially inflate the daily price quotations for eggs” between June 2022 and March 2025. In particular, their investigation found that the companies coordinated on what bids they would submit to Urner Barry Publications, a company that runs an index key to determining how much grocery stores, restaurants and others pay for billions of eggs each year.
In turn, that meant “higher prices for eggs sold to consumers,” alleged the complaint, which was filed in Iowa on Monday, the day the settlement terms were announced.
This only involves three egg producers? How are 3 chickens going to come up with 53 million eggs?
i’m genuinely confused how you thought chickens worked before if not a violent explosion of eggs, millions at a time. Did you think it was like a hundred or something?
i never understood why when the people at these companies that commit crimes never see an hour inside a prison? wage theft is the same story. these are crimes. they need to be brought before a court and judge to determine consequences. paying some fine isn’t an appropriate consequence for the damage they’ve done with this one action.
Prison is only for the poors. If you have enough money, Capitalism lets you do anything. Just look at how much praise and money Musk has received from the US government for making a child porn generator.
