Egg Price-Fixing Conspiracy: Major Producers Pay Slap-on-the-Wrist Fines After Years of Profiteering
By
Matt Stoller
Summary
A detailed investigative piece revealing that 18 states and the DOJ Antitrust Division reached settlements with three major egg producers (Cal-Maine, Versova, and Hickman's Egg Ranch) for a naked conspiracy to fix egg prices from 2022-2025, coinciding with bird flu supply chain disruptions. Despite hard evidence including CEO quotes, the fines imposed were minuscule compared to the profits made — effectively making crime pay. The article argues that both Trump and state attorneys general let the egg producers off the hook, though egg prices did drop as a result of the investigation.
Source
Hacker NewsEgg Price-Fixing Conspiracy: Major Producers Pay Slap-on-the-Wrist Fines After Years of Profiteeringthebignewsletter.comKey quotes
· 3 pulledThese entities operated a naked conspiracy to manipulate the price of eggs from 2022-2025.
The Stringer Bell rule is obsolete, as Trump and state attorneys general let the egg producers off the hook for a brazen conspiracy.
Still, egg prices did drop as a result of the investigation.
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