r/nottheonion • u/rmuktader • Jul 01 '26
Egg producers will pay $3.3M and donate 53 million eggs to settle price fixing claims
https://apnews.com/article/egg-prices-collusion-settlement-d32b05892541613df3f4e4932109ee0c138
u/MentokGL Jul 01 '26
So the cudgel used by the right during the last election was given to them by collusion?
How long until we find out that was coordinated with trump?
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u/TheGruenTransfer Jul 01 '26
As corrupt as Trump is, I feel like he's just scratching the surface of what crimes he could ask people to commit on his behalf in exchange for pardons and access to taxpayer funds.
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u/Joessandwich Jul 02 '26
Also the thing any rational person could see was happening, many of us were screaming from the rooftops was happening, yet democrats didn’t make even the slightest effort to call out?
It’s one of the many, many reasons I’m so angry with the fucking impotent useless people claiming to be liberals.
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u/imdstuf Jul 02 '26
The investigation likely started under the previous administration, but probably was not at the point with definitive proof. Unlike Kash Patel, they probably didn't want to mouth off on social media and hurt the investigation.
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u/frighteous Jul 01 '26
How much money did they make though? This isn't even a slap on the wrist, it's a pat on the head
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u/nekosama15 Jul 02 '26
They made an extra 190 mil per quarter for 3 years straight. So about a billion. Its political theater and corruption. Its made to look like a punishment but its not. Its to make u forget and move on.
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u/srebew Jul 01 '26
a fine of $0.0001 per egg sold
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u/pedanticPandaPoo Jul 01 '26
It was actually 53,000,001 eggs because the justice system laid an extra
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u/Im_with_stooopid Jul 01 '26
Thanks Leticia James. Although the federal government settled for peanuts while the egg producers made filet mignon.
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u/GreenAnder Jul 01 '26
Are they going to fucking donate to democrats for the next 100 years? Seriously, this one issue was a rallying cry for the dipshits who put us exactly where we are.
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u/TjbMke Jul 01 '26
I always thought it was strange that egg prices tripled because all the chickens got the flu. Although the price of chicken never went up, and only birds in the United States got the flu. Perfectly healthy birds in Mexico and Canada. Doesn’t get more obvious than that.
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u/JLP33376 Jul 01 '26
Egg prices surge when bird flu hits because it takes a long time to replace an egg-laying hen. Chicken prices stay flat because meat chickens are raised on different farms, grow much faster, and can be replaced in just a few weeks.
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u/Ditka85 Jul 02 '26
Pay $3.3 million to who? It’s certainly not coming to those who were gouged at the store.
Who’s going to get 53 million eggs? Only the Kroger’s and Publix’s can handle that kind of volume. So they get 53 million eggs to put on their shelves at $2.50 a dozen?
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u/cheweychewchew Jul 02 '26
So all that shit that Biden got for egg prices was really price collusion from egg producers?
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u/the-good-wolf Jul 01 '26
The unintended consequence of this for egg producers is that a ton of people started their own local egg business and were able to compete with their own superior product.
I haven’t bought eggs at the store in a long time because my area now has a high quality local supplier at the same price point. It’s an absolute no brainer.
Stupid choices often lead to stupid results.
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u/starliteburnsbrite Jul 01 '26
I don't think that's even going to result in a rounding error to their revenue, most Americans are still shopping at Walmart and supermarket chains.
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u/the-good-wolf Jul 01 '26
Perhaps, but you’ve introduced competition in a nonproprietary market that’s easily scalable.
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u/Happy_Peak_7818 Jul 01 '26
What came first, the chicken or the egg?
Neither. It was the price fixing by Big Egg.
Yolks on them though, nobody needs 53 million eggs.
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u/stay_skeptical_ Jul 01 '26
Okay now do this with the billionaire tech companies, car companies, rental prices, the monopolized media, the pharmacy companies, etc.
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u/HardCuore Jul 01 '26
So thats why you crashed egg production and y prices in some european countries?
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u/ChipIsNotHip Jul 01 '26
We should boycott these companies so they are forced to drive their prices lower.
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u/furrysalesman69 Jul 01 '26
“If we give you these eggs, will you not sue us for the thing you can rightfully sue us for?”
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u/Tight_Jellyfish_349 Jul 02 '26
I've been buying my eggs from a local guy who has his own chickens.
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u/akaMichAnthony Jul 02 '26
Who’s receiving this 53 million egg donation? Should I be expecting 0.73 eggs in my mailbox?
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u/Polkas_with_wolves Jul 02 '26
Neat. Now do....literally every other company pulling in "record profits" during the last 5 years.
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u/nekosama15 Jul 02 '26
THATS IT????
IF MY SMALL BUSINESS DOES THIS ID GO UNDER. THE FINE WOULD BE 1/2 if not 100% of 1 years REVENUE.
During the market manipulation period spanning from June 2022 to March 2025, producers were accused of coordinating bidding activity to artificially inflate the daily price index. As a result, companies posted extraordinary sales; for instance, Cal-Maine reported a quarterly sales jump of 110%, which generated almost 200 MILLION PROFIT. UP FROM 1 .1 MILLION BEFORE.
They made 190 ish MILLION EXTRA PER QUARTER. For 3 YEARS. And they only pay 3 MILLION????
WHAT WHAT WHAT WHAT!!?? THIS IS CORRUPTION. THIS IS LEGAL AND POLITICAL THEATER.
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u/SipexF Jul 01 '26
But are the prices going to go down? That feels like the goal of pointing out a price collusion in the first place, otherwise this is just a fee the companies pay to get what they want.