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Jun 30, 2026

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

MoneyWatch

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

By Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham

Updated on: June 30, 2026 / 2:30 PM EDT / CBS News

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The Department of Justice and more than a dozen states have reached a proposed settlement with three of the country's leading egg producers to resolve claims that the companies colluded to manipulate egg prices. 

The agreement comes after an investigation by federal antitrust enforcers and state attorneys general alleged that Cal-Maine Food, Versova/Centrum and Hickman's Egg Ranch coordinated to artificially inflate daily egg price quotations between June 2022 and March 2025, leading to higher prices for retailers and consumers. 

The companies provide eggs to grocery stores, restaurants and retailers across the U.S., according to the Justice Department.  

"We are proud that these settlements will keep egg prices competitive and keep money in the hands of consumers across the country," Deputy Assistant Attorney General Nicole Sarrine of the Justice Department's antitrust division said in a statement on Tuesday.

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