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Stock impact report

Bird flu resurgence drives up egg prices, spurring some to stock up [CNBC]

Cal-Maine Foods, Inc. (CALM) 
Last cal-maine foods, inc. earnings: 1/5 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: calmainefoods.com/investors
Company Research Source: CNBC
Japan and other nations have caused prices of eggs to jump again. The virus, commonly referred to as bird flu, is extremely contagious and lethal among birds, has been detected in dairy herds in recent days. “The reason for the big surge in egg prices is HPAI (highly pathogenic avian influenza) hitting egg farms and killing chickens and cutting egg production,” said David Anderson, a professor and food economist in the Department of Agricultural Economics at Texas A&M University. In the U.S., more than 14 million egg-laying chickens died in November and December as a result of avian flu. In the last 30 days, more than 8 million birds among America's commercial flocks remain infected, according to data from the U.S. Department of Agriculture We have had record high beef, pork and chicken retail prices so eggs can be a substitute, meaning that egg prices would increase. Two weeks ago, Cal-Maine Foods — the country's largest chicken egg manufacturer in the U.S. — temporarily ha Show less Read more
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