Cal-Maine Foods falls after report on Justice Department's potential lawsuit against egg producers

Cal-Maine Foods

17/04/2026 21:55

** Shares of egg supplier Cal-Maine Foods CALM.O fall 7.7% to $70.70 after the bell

** The Justice Department is preparing to file an antitrust lawsuit against egg producers over allegations they coordinated pricing through an information service that benchmarks prices for the industry, WSJ reports

** The civil lawsuit would target major producers, including CALM and Versova, which significantly hiked egg prices in 2024 and 2025 due to a supply shortage attributed to avian flu- WSJ

** The case could be filed as soon as next month, according to the report

** No final decision has been made by the department and the parties could reach a settlement that avoids litigation

** CALM has fallen 3.7% YTD

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))