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submitted 2 weeks ago* (last edited 2 weeks ago) by MicroWave@lemmy.world to c/news@lemmy.world

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.

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[-] FrankFrankson@lemmy.world 90 points 2 weeks ago* (last edited 2 weeks ago)

Cool it's so nice that they get to keep all the profits they stole from us while paying only a portion of those profits as a fine. Justice has been served!

Fun unrelated side note: if you add stryofoam to molotov cocktails it turns them into napalm cocktails!

[-] N0t_5ure@lemmy.world 54 points 2 weeks ago

$3.3 million is nothing compared to the profits they reaped by running the scam. This was a gift by the Trump administration.

[-] FenrirIII@lemmy.world 15 points 2 weeks ago

I think you mean grift

[-] BillyClark@piefed.social 40 points 2 weeks ago

If the fine isn't greater than the cost to consumers (which in this case is far, far more than their profits from the fraud), then this is essentially the government endorsing this behavior.

[-] justaman123@lemmy.world 18 points 2 weeks ago

Yeah just making sure the government gets it's cut

[-] tumbleweed05@sh.itjust.works 23 points 2 weeks ago

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.

[-] Witchfire@lemmy.world 21 points 2 weeks ago

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.

[-] abbadon420@sh.itjust.works 17 points 2 weeks ago

This only involves three egg producers? How are 3 chickens going to come up with 53 million eggs?

[-] kinkles@sh.itjust.works 10 points 2 weeks ago

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?

[-] _haha_oh_wow_@sh.itjust.works 13 points 2 weeks ago

So, basically a light slap on the wrist for ridiculous profits. Got it.

[-] CandyPants@lemmy.ml 9 points 2 weeks ago

Make them pay back every penny that they gained by illegally colluding to raise prices.

This is simple, and thats how you know the clowns at the justice department aren't serious. You're giving them alight warning to NOT GET CAUGHT again.

I don't give two shits if they go out of business. Capitalism can only work if the markers are free and you can't point to a single free market these days. Three companies own every industry and fix prices. When thats done with illegal drugs, they're called Cartels.

[-] homesweethomeMrL@lemmy.world 8 points 2 weeks ago

Eggs From Plants people: Hey!

[-] breakfastmtn@lemmy.ca 7 points 2 weeks ago

Every American gets 0.152 eggs! Woooooooooooo! Fuck yeah! You can make 5% of a celebration cake with that! 🎉

[-] JeeBaiChow@lemmy.world 2 points 2 weeks ago

So how much are they now?

this post was submitted on 01 Jul 2026
195 points (100.0% liked)

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