Money Stuff: The Podcast · Friday, July 10, 2026
Around the time of the alleged egg price manipulation, controlling families of major egg producers like Cal-Maine Foods and the Adams family sold significant amounts of stock. The Cal-Maine Foods controlling family sold $300 million worth of stock in an underwritten offering. This offering prospectus disclosed the Justice Department's investigation into high egg prices as a risk factor, raising concerns about whether investors were fully informed about the ongoing probe.
“So I talked about there's like a chicken live work inspiracy. Yeah, yeah, well in cattle. I don't know if you've been following screwworm.”
“The New York Attorney General has secured fifty million eggs, and five million of those eggs will go to New York frud banks.”
“The other possibility is that, like their costs went up because of bird flu, and the market pricing service was slow to react to that, and so they manipulated the price on the clearing house to reflect the actual price of eggs.”