Here we go again: Egg prices are spiking. Here's why [CNN]
Cal-Maine Foods, Inc. (CALM)
Last cal-maine foods, inc. earnings: 1/5 06:30 am
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Source: CNN
Egg prices spiked by 28.1% in August from 12 months ago, easily the biggest increase out of any food item tracked by the Bureau of Labor Statistics The sticker shock in the egg aisle comes even as overall grocery prices are barely budging (up less than 1% in August from last year) and inflation cools across the US economy. The main culprit for rising egg prices is a familiar one: bird flu Birds are getting sick, and that means fewer eggs and higher prices at the grocery store. “Bird flu is the number one reason for higher prices, absolutely,” said Phil Lempert, a grocery industry analyst and editor of SuperMarketGuru.com. Egg supply is shrinking Highly pathogenic avian influenza (HPAI), more commonly known as the bird flu, has impacted nearly 101 million birds across 48 US states since January 2022, according to the Centers for Disease Control and Prevention (CDC). “Think about how they are housed: small spaces with lots of chickens,” said Lempert. “When one chicken get
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News
- Cal-Maine Foods, Inc. (NASDAQ: CALM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Cal-Maine Foods, Inc. to Participate in Stephens 2024 Annual Investment ConferenceBusiness Wire
- Cal-Maine Foods, Inc. (NASDAQ: CALM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Q3 Earnings Highlights: Cal-Maine (NASDAQ:CALM) Vs The Rest Of The Consumer Staples Stocks [Yahoo! Finance]Yahoo! Finance
- Cal-Maine Foods, Inc. (NASDAQ: CALM) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
CALM
Sec Filings
- 10/4/24 - Form 8-K
- 10/1/24 - Form 10-Q
- 10/1/24 - Form 8-K
- CALM's page on the SEC website