# Egg prices could be close to bottom | The Gazette

> Cal-Maine Foods, the largest US egg producer, posted its first net loss in six quarters, with Southeast egg prices down by more than half year over year. Its CFO said prices may be near bottom and that producers losing money will likely cut output, while the US hen flock is near a record high.

- Date: 2019-07-24 · published 2019-07-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58096-egg-prices-could-be-close-to-bottom-the-gazette
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Low egg prices and losses should lead to flock reductions, which reduce demand for feed over time. Weak export demand, down 12% in the first half, also weighs on the outlook.

## Read by commodity

- CORN: neutral
- CHICKEN: bearish ▼

## Sources

- thegazette.com: https://www.thegazette.com/nation-world/egg-prices-could-be-close-to-bottom/

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