Sourcing: 1) There is an egg price-fixing cartel: they recently lost an antitrust suit for fixing egg prices, to the tune of $53 million (with treble damages). www.vitallaw.com/news/antitru.... - ThreadSky

courtneymilan.com • 23 hours ago

Sourcing:

1) There is an egg price-fixing cartel: they recently lost an antitrust suit for fixing egg prices, to the tune of $53 million (with treble damages).

https://www.vitallaw.com/news/antitrust-n-d-ill-no-cracks-in-53-million-jury-verdict-finding-conspiracy-to-restrict-egg-supply/ald01e1e9039fdeb7431585bfddde144f0163?refURL=https%3A%2F%2Fwww.google.com%2F#.

Comments

courtneymilan.com•23 hours ago

While this suit was decided in 2024, this is for conduct that happened in the 2000s. The plaintiffs in this case were Kraft, Nestle, General Mills—in other words, other large companies who could afford the suit (and could pursue it back over decades).

courtneymilan.com•23 hours ago

The rest of us were never compensated from the antitrust harm we experienced in the 2000s.

Over the last years, as prices have soared, egg company profits have gone through the roof.

courtneymilan.com•23 hours ago

Farm Action, US has a well-sourced letter explaining that bird flu is being used as an excuse by the dominant egg producers to keep flock sizes small and reap above-market profits.

courtneymilan.com•23 hours ago

Seriously, read the letter. It’s incredibly damning.

https://farmaction.us/wp-content/uploads/2025/02/Final_FarmAction_FTC_DOJ_EggPricesLetter.pdf

courtneymilan.com•23 hours ago

Among other things, it shows that the largest egg farmers are consolidating market power; and they are using avian flu as an excuse to flex their market power and make massive windfall profits.

handi817.bsky.social•19 hours ago

Eventually it always goes this way! Greed. Not relief!

courtneymilan.com•23 hours ago

Cal-Maine Foods, one of the largest egg producers in the country, reported an almost doubling of revenue over last year, and a whopping 574% increase in profits, and attributed this increase to avian flu.

(Source: Cal Maine Foods Fiscal Report, Q4 2023 https://calmainefoods.gcs-web.com/news-releases/news-release-details/cal-maine-foods-reports-results-fourth-quarter-and-fiscal-year)

sekkuto.bsky.social•23 hours ago

What's the likelihood that the egg cartels will eventually cut a deal with Trump to suddenly lower prices and improve his reputation (while still keeping prices high compared to last year)?

zaffol.bsky.social•21 hours ago

Pardon my ignorance, but is this NOT the exact thing Kamala was talking about implementing were she to win? Some law that would fine the shit out of companies/ban practices that were found to be illegally price-gouging?

nefertirijones.bsky.social•20 hours ago

If I’m not mistaken, isn’t this like price gouging?
And wasn’t this one of the things Harris was going to fight to have legislation against that she would’ve signed into law?
I seem to remember hearing her talk about this having anti-price gouging legislation in her stump speeches.

anned13.bsky.social•20 hours ago

A case in point this morning: Trader Joe’s large free-range white eggs are $4.99. Same sort eggs at Ralph’s are “on sale” for $7.99, regular price $8.99. Trader Joe’s buys from local smaller farms.

drdawndpt.bsky.social•23 hours ago

OH FFS. Is there a lemon law for years? Can we trade 2025 in for a replacement?

sanney.bsky.social•23 hours ago

Because of course they are

damianaswan.bsky.social•20 hours ago

📌

boombutton.bsky.social•18 hours ago

📌 egg price fixing

pepgiraffe.bsky.social•21 hours ago

📌 egg prices cartel

darthhippy.bsky.social•18 hours ago

Any of these egg cartel CEOs or corporate officers work at the 7 sisters oil firms? This all sounds way too familiar

looshagbrolley.bsky.social•21 hours ago

Doesn't Nestle own a scary amount of water sources?

courtneymilan.com•21 hours ago

Yes, although I would perhaps use the word “control” over “own.”

diegoatlaw.bsky.social•23 hours ago

It’s so astonishing, with all the elaborate strands of market power in antitrust law, that price fixing cartels still are so prominent and so damaging

The most simple option, still

schmidtjokes.bsky.social•23 hours ago

A dozen medium priced eggs in Mexico cost $4 mas o menos as of yesterday btw

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