# Cal-Maine closes fourth quarter, fiscal year with losses | WATTAgNet | WATTPoultry.com

> Cal-Maine Foods posted a fourth-quarter net loss of $24.5 million and a fiscal-year loss of $74.3 million. The company blamed an oversupply of eggs and the transition to cage-free production.

- Date: 2017-07-24 · published 2017-07-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69969-cal-maine-closes-fourth-quarter-fiscal-year-with-losses-wattagnet-wattpoultry
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Losses at the largest U.S. egg producer signal continued weak egg prices and likely flock reductions that trim future feed demand.

## Read by commodity

- CORN: bearish ▼

## Sources

- wattagnet.com: https://www.wattagnet.com/blogs/hens-and-trends/article/15522165/cal-maine-closes-fourth-quarter-fiscal-year-with-losses-wattagnet

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