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Cal-Maine's first-quarter profits rose sharply on higher egg prices and tight supply after bird flu losses. Feed costs per dozen fell 17% year over year, while sales rose to $786 million as the company bought more eggs from outside suppliers.
Lower feed costs per dozen reflect cheaper grain inputs, while elevated egg prices indicate a tight layer supply that supports ongoing hen rebuilding demand.
agriculturedive.comNathan OwensOct 3, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
