Bird flu outbreak is driving up egg prices — again [CBS News]
Cal-Maine Foods, Inc. (CALM)
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Source: CBS News
As of April 24, a dozen large grade A eggs cost an average of $2.99, up nearly 16% from $2.52 in January, according to federal labor data . The price increase comes as nearly 9 million chickens across Michigan, Minnesota, New Mexico and Texas have been discovered to be infected with bird flu in recent weeks, according to the U.S. Department of Agriculture. That is crimping egg supplies, leading to higher prices. Eggs are a staple grocery item in U.S. households, used for making everything from omelettes at breakfast to fresh pasta and binding a meatloaf for dinner. Egg consumption also has risen in part because more families are eating them as their main protein substitute, said David Anderson, a food economist at Texas A&M University. Rising prices affect millions of consumers, even those who opt for liquid egg yolks in the carton as opposed to solid shells. During a bird flu outbreak, farmers report the incident to the USDA and officials from the agency visit the farm to slaugh
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News
- US bird flu outbreak spreads to chickens, cattle, raises concerns over human infections [Reuters]Reuters
- TIMELINE- US bird flu outbreak spreads to chickens, cattle, raises concerns over human infections [Yahoo! Finance]Yahoo! Finance
- Income Investors Should Know That Cal-Maine Foods, Inc. (NASDAQ:CALM) Goes Ex-Dividend Soon [Yahoo! Finance]Yahoo! Finance
- Bird flu resurgence drives up egg prices, spurring some to stock up [CNBC]CNBC
- Are Basic Materials Stocks Lagging CalMaine Foods (CALM) This Year? [Yahoo! Finance]Yahoo! Finance
CALM
Earnings
- 10/3/23 - Beat
CALM
Sec Filings
- 4/5/24 - Form 3
- 4/4/24 - Form 8-K
- 4/2/24 - Form 10-Q
- CALM's page on the SEC website