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A comment on Maybe There Was an Egg Cartel After All.

Re:Maybe There Was an Egg Cartel After All by SamBam on Monday October 19, 2026 @11:50AM (#50153906)
> [Urner Barry] also collects bids that egg producers make for each other’s surplus inventory on an exchange called Egg Clearinghouse, Inc. [It] takes in those bids even before they lead to any sale, as a signal of demand.

> they had the ability to create the illusion of [consumer demand] through bids on the surplus exchange for purchases they had no intent of completing

This seems like a system tailor-made for collision. It seems like the consumer protection agency should force changes. Too bad they've been made toothless.

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Re:Maybe There Was an Egg Cartel After All by SoftTalker on Monday October 19, 2026 @12:47PM (#50154650)
Yes, non-binding bids that are not actual sales should not signal anything.
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Re:Maybe There Was an Egg Cartel After All by nekusar on Monday October 19, 2026 @01:06PM (#50154940)
> This seems like a system tailor-made for collision. It seems like the consumer protection agency should force changes. Too bad they've been made toothless.

Elections have consequences. This is one of them.

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Re:Maybe There Was an Egg Cartel After All by jpadkins on Monday October 19, 2026 @01:23PM (#50155197)
That's correct. We are reading about this story because of the prioritizations of the current administration.
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Re:Maybe There Was an Egg Cartel After All by sokka_h2otribe on Monday October 19, 2026 @02:02PM (#50155705)
Circumventing political parties, Matt Stoller is where I learned about this story:

https://www.thebignewsletter.com/t/hatching-a-conspiracy

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Re:Maybe There Was an Egg Cartel After All by alyeska2 on Monday October 19, 2026 @02:21PM (#50155937)
It's a system that is vulnerable to fraud, which is why it's good to have regulators who go after fraudulent actors.

It's a perfectly fine system if the egg producers are using it genuinely, it's only a problem when they start submitting fraudulent bids to accomplish illegal market manipulation.

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Re:Maybe There Was an Egg Cartel After All by smcg on Monday October 19, 2026 @03:19PM (#50156750)
in the absence of regulation, people will do fraud. you need regulation.
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