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StocksMedium•30 June 2026•

1 min read

Cal-Maine Foods Settles DOJ, 17-State Antitrust Probe Over Egg Pricing

Key Facts

1Cal-Maine Foods announced it reached an agreement to resolve claims from the U.S. Department of Justice and 17 states' attorneys general after a 15-month investigation.

Removing a major legal overhang on the U.S. egg industry, Cal-Maine Foods (CALM) announced it reached an agreement to settle claims from the U.S. Department of Justice and 17 state attorneys general, following a 15-month investigation, according to a company release on GlobeNewswire.

The settlement arrives as shares closed at $79.34 on June 29, after trading in a range of $77.80–$80.00 during the session. The resolution addresses allegations that egg producers attempted to manipulate a price index by sharing bid information through a cooperative; Cal-Maine had exited that cooperative in May 2024.

With the legal cloud lifted, market focus may now shift to the company's next quarterly results and any financial terms of the settlement. The stock is currently trading just below the session high of $80, making it a candidate to test that level, while support lies near the low of $77.80 in case of profit-taking.