Big egg producers artificially inflated prices as Americans struggled to buy groceries, must now pay $3.3M: DOJ

Egg prices, scrambled by alleged manipulation.

Three major US egg producers allegedly worked to artificially drive up prices for the grocery staple, helping push shoppers’ bills higher for months — and will now pay $3.3 million under a proposed settlement with the Justice Department and 17 states.

Cal-Maine Foods, Versova and Hickman’s Egg Ranch are set to pay the settlement funds and donate 53 million eggs, including 4.9 million that will go to food banks and groups serving New Yorkers, New York Attorney General Letitia James announced Monday.

The bipartisan probe, led by James’ office and the DOJ and launched more than a year ago, found that the leading egg companies allegedly coordinated and “secretly communicated” to push up the daily egg price index from June 2022 through March 2025.

Prosecutors said a December 2022 email showed Hickman’s CEO urging executives at Versova and Cal-Maine to submit “strong bids, early and often” in an effort to raise the price of eggs, even as families across the country were struggling with food costs.

According to the Wall Street Journal, the DOJ’s complaint alleged that executives relied on “spoofing-like tactics,” a practice in which a trader enters buy or sell orders to influence prices and then cancels them before the orders are completed.

The alleged conduct unfolded as egg supplies tightened and carton prices climbed to record levels, the outlet reported. By late 2022, prices for Midwest large eggs had surged to $5.36 a dozen during a historic bird flu outbreak, according to the report.

Egg prices kept rising through further bird flu outbreaks in 2024 and 2025, as the disease devastated the nation’s laying-hen population.

In January 2025, restaurant owners struggled to stay afloat after the average price of a dozen eggs spiked to nearly $9 — up 70% from the year before.

A month later, New York City bodegas even started selling “loosie”-style eggs — à la notorious single cigarettes — as bird flu shortages drove prices out of control.

The proposed settlements — which will have to be approved by a federal judge — will force the three companies to end price-manipulation tactics, adopt compliance measures, and fully cooperate with state oversight, the DOJ announced on Tuesday.

The attorneys general in New York, Arizona, California, Colorado, Connecticut, Florida, Hawaii, Iowa, Maryland, Minnesota, North Carolina, Ohio, Pennsylvania, Texas, Utah, and Vermont all worked to secure the settlement.

“When powerful corporations collude behind the scenes to raise prices, working families suffer the costs,” James said in a statement.

“These egg producers manipulated the market to squeeze even more profit out of consumers and businesses. By shutting this scheme down and delivering millions of eggs to those in need, we’re sending a clear message that companies will not get away with illegal price hikes in New York.”

Mississippi-based Cal-Maine Foods, the largest US egg company, said in a statement that it “denies all wrongdoing and violations of law, continues to believe that such claims are baseless and that its conduct was lawful, appropriate and in the best interest of supplying eggs to the marketplace.”

“We are pleased that this agreement enables us to move forward so we can devote our full attention to what matters most: delivering affordable, high-quality eggs and egg-based prepared foods to consumers nationwide, while helping ensure a reliable domestic supply of a nutritious, everyday staple that families depend on,” Sherman Miller, president and CEO of Cal-Maine Foods, added in a statement.

Top five Iowa-based egg producer Versova also denied wrongdoing. Hickman, a smaller company now owned by meatpacking giant JBS and Brazilian egg supplier Mantiqueira, claimed the scandal occurred before it acquired the company in late 2025, the Journal reported.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Moderate David Crowley Beats Francesca Hong in Wisconsin Governor Primary - Internewscast Journal

Moderate David Crowley Beats Francesca Hong in Wisconsin Governor Primary

WASHINGTON — Milwaukee County Executive David Crowley pulled off a narrow, late-breaking…
California Billionaire Tax Becomes National Labor Fight - Internewscast Journal

California Billionaire Tax Becomes National Labor Fight

California’s fight over a proposed billionaire tax is escalating fast, with the…
California Sued to Stop Policy That May Free Serial Killers - Internewscast Journal

California Sued to Stop Policy That May Free Serial Killers

Relatives and friends of Laci Peterson have joined a growing group of…
Hero Dad Dies Saving Teen Sons From Martha’s Vineyard Riptide - Internewscast Journal

Hero Dad Dies Saving Teen Sons From Martha’s Vineyard Riptide

A Massachusetts father is being remembered as a hero after he died…
Derrick Parker, NYPD’s Legendary ‘Hip-Hop Cop’ Who Investigated Rap’s Biggest Cases, Dies at 65 - Internewscast Journal

Derrick Parker, NYPD’s Legendary ‘Hip-Hop Cop’ Who Investigated Rap’s Biggest Cases, Dies at 65

Derrick Parker, the retired NYPD detective widely recognized as the “Hip-Hop Cop”…
AZ parents accused of drunkenly leading young kids on long walk in 108-degree heat

Arizona Parents Accused of Drunkenly Forcing Young Kids on Long Walk in 108-Degree Heat

An Arizona couple is under scrutiny after police said they drunkenly took…
Video Shows Arkansas Trooper Punching 18-Year-Old During Traffic Stop, Prompting Calls for Investigation - Internewscast Journal

Video Shows Arkansas Trooper Punching 18-Year-Old During Traffic Stop, Prompting Calls for Investigation

Newly surfaced video showing a police officer tackling an 18-year-old Black woman…
Luigi Mangione Trial to Use Anonymous Jury Amid Harassment Fears - Internewscast Journal

Luigi Mangione Trial to Use Anonymous Jury Amid Harassment Fears

NEW YORK — Jurors selected for Luigi Mangione’s state murder trial will…
Peggy Flanagan Beats Angie Craig in Minnesota Senate Race - Internewscast Journal

Peggy Flanagan Beats Angie Craig in Minnesota Senate Race

Lt. Gov. Peggy Flanagan won Minnesota’s Democratic Senate primary on Tuesday, defeating…
Trump Warns Hochul-Mamdani Pied-à-Terre Tax Could Ruin NYC - Internewscast Journal

Trump Warns Hochul-Mamdani Pied-à-Terre Tax Could Ruin NYC

He is taking aim at New York’s pied-à-terre tax. President Trump on…
Train Robbers Open Fire in California Freight Burglary Shootout - Internewscast Journal

Train Robbers Open Fire in California Freight Burglary Shootout

A train in San Bernardino County came under gunfire Monday night during…
Tree Crushes Long Island Home in Storm, Trapping Dozens of Cats - Internewscast Journal

Tree Crushes Long Island Home in Storm, Trapping Dozens of Cats

A powerful storm sent a massive tree crashing into a Long Island…