Egg producers reach federal and state settlement over allegations of price-fixing

TL;DR

The Department of Justice and more than a dozen states have proposed a settlement with three leading egg producers: Cal-Maine Food, Versova/Centrum, and Hickman's Egg Ranch.
The settlement aims to resolve claims that the companies colluded to artificially inflate egg price quotations between June 2022 and March 2025.
The companies will provide a combined 53 million eggs to food banks and community organizations and pay $3.3 million to the states involved.
The alleged collusion involved submitting bids to influence Urner Barry's daily price quotations, which serve as a benchmark for the egg industry.
Cal-Maine Foods denied wrongdoing, calling the allegations "baseless," while Versova stated the investigation was resolved without admission of guilt.
Egg prices have been volatile in recent years, impacted by factors like avian flu outbreaks and the COVID-19 pandemic, according to Cal-Maine and Versova.

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