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Stock impact report

US egg prices increase to record high, dashing hopes of cheap eggs by Easter [Globe and Mail, The (Toronto, Canada)]

Cal-Maine Foods, Inc. (CALM) 
Last cal-maine foods, inc. earnings: 1/5 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: calmainefoods.com/investors
A carton of eggs sit on a counter in the kitchen inside of 5 Rabanitos restaurant, in Chicago, on Feb. 16. Nam Y. Huh/The Canadian Press U.S. egg prices increased again last month to reach a new record-high of $6.23 per dozen despite President Donald Trump’s predictions, a drop in wholesale prices and no egg farms having bird flu outbreaks. The increase reported Thursday in the Consumer Price Index means consumers and businesses that rely on eggs might not get much immediate relief. Demand for eggs is typically elevated until after Easter, which falls on April 20. Industry experts were expecting the index to reflect a drop in retail egg prices because wholesale egg prices fell significantly in March. University of Arkansas agricultural economist Jada Thompson said the wholesale prices did not start dropping until mid-March, so there may not have been enough time for the average price for the month to decline. And grocery stores may not have immediately passed on the lower prices. Show less Read more
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