Loading…
Cal-Maine Foods, the largest US egg producer, reported fiscal 2024 sales down about 26% to $2.3 billion amid lower egg prices and bird flu outbreaks in Kansas and Texas. The company is acquiring assets to expand cage-free and specialty egg production and expects repopulation of affected facilities by year-end.
Bird flu losses tighten layer supply, but Cal-Maine's expansion signals expected future egg demand growth; feed demand from layer flocks is only modestly affected.
agriculturedive.comSarah ZimmermanJul 24, 2024After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% over 20.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% over 20.
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.
