April 8 (Reuters) -
The largest U.S. egg producer, Cal-Maine Foods ( CALM ), is
cooperating with a U.S. Department of Justice investigation into
high egg prices and whether producers have conspired to raise
them, the company said on Tuesday.
The DOJ sent Cal-Maine a civil investigative demand last
month, the Ridgeland, Mississippi-based company said in a
regulatory filing, adding that the eventual scope, duration and
outcome of the investigation could not be predicted at the time.
Abigail Slater, head of the DOJ's antitrust division,
has said the division will prioritize enforcement against
anticompetitive conduct
in U.S. consumer markets.
Egg prices have declined in recent weeks from
record highs
, though their wholesale cost is still up 60% from this time
last year at $3 per dozen, according to USDA data.
Weaker demand and a lull in new cases of bird flu have
helped cool prices, analysts said.
Industry experts said Friday that tariffs levied by the
Trump administration could
boost the price
of imported eggs.