petite6 Jokers Wild Reged: 08/14/06 Posts: 190466 So the whole 2024 presidential campaign argument about the price of eggs was actually based on collusion, fraud and greed? Color me shocked. 07/01/26 03:06 PM Edit Reply Quote https://bsky.app/profile/inlayterms.bsky.social/post/3mplhlofjj62p Federal and state authorities cite three-year effort to co-ordinate bids that inflated quotations Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://help.ft.com/faq/gifting-and-sharing-an-article/what-is-a-gift-article/. https://www.ft.com/content/55911ca2-9728-48ac-a874-5a3b37d3fb3e?syn-25a6b1a6=1 Three big US egg producers agreed to settle accusations by US and state authorities that they colluded to manipulate a widely used industry benchmark to drive up the price of eggs. The Department of Justice and attorneys-general from 17 states alleged Cal-Maine Foods, Versova and Hickman’s Egg Ranch worked together between June 2022 and March 2025 to inflate daily price quotations published by Urner Barry, a benchmark provider whose prices are widely used in contracts with supermarkets, restaurants and food-service groups. The three companies agreed to donate more than 50mn eggs and pay $3.3mn to settle the allegations. The proposed settlement, filed in federal court in Iowa and still subject to court approval, would require the groups to stop communicating with competitors about bidding strategies, prices and transactions intended to affect benchmark publications. They must also appoint antitrust compliance officers, adopt monitoring programmes and report potential breaches to regulators. The case lands in one of the most politically charged corners of the US food market. Eggs became a symbol of the country’s cost-of-living squeeze after prices surged during successive waves of bird flu, which forced producers to cull millions of laying hens and left supermarkets, restaurants and food manufacturers scrambling for supply. https://www.ft.com/content/55911ca2-9728-48ac-a874-5a3b37d3fb3e?syn-25a6b1a6=1 Report Remind Me Link

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