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Cal-Maine Foods, the largest U.S. egg producer, said egg prices fell 30% to about 92 cents a dozen in the quarter ended August 31, cutting its sales 29% year over year. Oversupply from too many laying hens is pressuring the egg market.
Egg oversupply and low prices squeeze producer margins and can lead to flock reductions over time, which would ease demand for feed; the near-term effect on feed grain prices is modest.
wsj.comMicah Maidenberg and Kirk MaltaisSep 30, 2019Not 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.
