Wisconsin DOJ announces settlement in alleged multi-state scheme to raise egg prices
posted on in: Notable Articles, food, economic inequality and wtf.
~136 words, about a 1 min read.
Sorry I can't believe the price of eggs was high because there was (allegedly but if they settled sure seems like actually) an egg cartel that was fixing prices for eggs.
The multi-state coalition’s investigation found that Cal-Maine Foods, Hickman’s Egg Ranch and Versova, which manages Centrum Valley Farms, coordinated to influence a daily price index for eggs. For years, that artificially increased the price of eggs, the state DOJ says.
Like the problem was regulation. The problem is regulation. The problem in America is always regulation and how we need much more of it in different places. FFS.
From mid-2022 to early 2025, the egg producers communicated with each other to coordinate bidding activity on a widely used pricing service, according to a complaint filed in a federal court in Iowa.
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— Via Joe Schulz, Wisconsin DOJ announces settlement in alleged multi-state scheme to raise egg prices