DOJ and states propose settlements with three egg producers over alleged price fixing

The Justice Department and attorneys general from 17 states said they have reached proposed settlements with three of the nation’s largest egg producers, alleging the companies colluded to manipulate a key pricing benchmark that influences wholesale egg prices. The settlements, which require court approval, would bar the firms from repeating the alleged conduct and include antitrust compliance measures.

According to the New York Attorney General’s office, the companies will collectively pay about $3.3 million to the participating states and donate roughly 53 million eggs to food banks and nonprofit organizations. Cal-Maine Foods, the largest egg producer, agreed to pay $1.5 million and donate 30 million eggs, while Hickman's Egg Ranch and Versova will make similar contributions.

The Justice Department’s complaint alleges the firms coordinated bidding activity to create the appearance of stronger demand, artificially raising prices for billions of eggs sold each year. It also claims benchmark prices fell after the companies learned of the investigation and were instructed to preserve documents in March 2025.

"These actions prove this Department's continued commitment to protecting competition and providing real relief for everyday Americans' pocketbooks," said Associate Attorney General Stanley Woodward.

Cal-Maine denied wrongdoing, stating it was not assessed any fines or penalties under the agreement. The joint venture that acquired Hickman's Egg Ranch said the conduct described in the complaint occurred before its acquisition and that the settlement resolves the allegations for that period.

The proposed settlements will remain pending a 60-day public comment period required under the Tunney Act before a federal court can approve them.