# Cal-Maine: 575% more in operating income, high egg prices

> Cal-Maine Foods reported fiscal 2023 operating income of US$967.7 million, up 575% from fiscal 2022, driven by high shell egg prices from the HPAI outbreak. The company said fourth-quarter prices fell significantly from the year's peak as the industry recovers.

- Date: 2023-07-27 · published 2023-07-27T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/35049-cal-maine-575-more-in-operating-income-high-egg-prices
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

The large profit gains reflect past egg price spikes that are now reversing as supply rebuilds, so layer demand for feed is expected to ease. The result is a backward-looking earnings report with limited direct feed price impact.

## Read by commodity

- CHICKEN: neutral

## Sources

- wattagnet.com: https://www.wattagnet.com/egg/article/15543214/calmaine-575-more-in-operating-income-high-egg-prices

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.