Senators Warren, Banks, in Bipartisan Letter, Push DOJ to Investigate High Egg Prices, Anticompetitive Behavior by Egg Producers
Warren (D-Mass.) and Banks (R-Ind.) raise concerns about major egg producers jacking up prices, raking in record profits while blaming bird flu
After previous letter led by Warren, DOJ opened probe into potential anticompetitive behavior by egg producers
Washington, D.C. – In a new bipartisan letter, U.S. Senators Elizabeth Warren (D-Mass.) and Jim Banks (R-Ind.) applauded the Department of Justice’s (DOJ) ongoing investigation into potential anticompetitive practices by major egg producers and urged the agency to continue its thorough investigation as egg prices continue to rise.
“Large egg producers and trade associations have previously been found liable for price fixing,” wrote the senators. “Given this history, we urge DOJ to thoroughly review whether recent trends in egg prices reflect impermissible coordination among egg producers and trade associations.”
The average retail price of a dozen eggs has reached unprecedented levels, surpassing $6 in March 2025, tripling since 2021. While egg producers and trade associations continue to point to recent bird flu outbreaks as the reason for increased prices, large egg producers, like Cal-Maine, are reporting record profitability while families feel economic pain.
The cost of eggs started to drop from record peaks just after the DOJ announced an investigation into egg prices, raising concerns as to whether large egg producers are engaging in anticompetitive behaviors to raise prices or restrict supply. A federal jury previously found that large egg producers and trade groups increased egg prices by conspiring to artificially limit the supply of hens between 2004 and 2008. Another lawsuit alleges that Cal-Maine inflated egg prices after a 2015 bird flu outbreak and during the onset of the Covid-19 pandemic.
The five largest egg producers — CalMaine Foods, Rose Acre Farms, Daybreak Foods, Hillendale Farms, and Versova Holdings — control nearly half of the U.S. egg-laying flock, leaving Americans with limited alternatives to purchase eggs if companies are in fact price-gouging consumers.
The senators requested that the DOJ address their concerns, including if price increases in the egg market can be reasonably explained by bird flu-related supply chain disruptions; how much the five largest egg producers profited during the first three-quarters of fiscal year 2025; if large egg producers’ purchasing patterns potentially reflect an effort to extend the egg supply shortage and maintain high prices; and whether the decline in egg prices following the DOJ’s announcement reflects potential price-fixing among large egg producers.
“We support DOJ’s investigation into potential anticompetitive behavior by egg producers and urge the agency to consider whether a ‘precipitous drop’ in egg prices just ‘days’ after reports of the investigation broke suggests that egg producers had conspired to artificially inflate prices,” concluded the senators.
DOJ announced its probe following a January letter Sen. Warren sent to Donald Trump, pressing him to use tools to lower egg prices, including “encouraging DOJ to prosecute actors in the agricultural and food sectors for price-fixing and other anticompetitive behavior.”
Senators Warren and Banks recently teamed up to open a bipartisan investigation into the harms of private equity roll-ups of fire truck manufacturers. The lawmakers wrote to the International Association of Fire Fighters (IAFF), North America’s largest union of firefighters, seeking information about the adverse impact of private equity consolidation on firefighters and communities in Massachusetts, Indiana, and across the country.
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