US EditionUS egg giant Cal-Maine says government is investigating price increases
- Cal-Maine Foods, the largest U.S. Egg producer, is being investigated by the antitrust division of the U.S. Department of Justice regarding egg price increases, as confirmed by the company.
- Cal-Maine reported a record net income of $508.5 million in its fiscal third quarter, which ended March 1, despite falling short of analysts' profit expectations.
- Egg prices have surged to record highs, with one dozen Grade A eggs averaging $5.90 in February, up 10.4% from a year ago, largely due to a bird flu epidemic.
- Shares of Cal-Maine fell more than 4% in after-hours trading following the announcement of the investigation.
71 Articles
71 Articles
Common Dreams
foodandwaterwatch.orgEgg Prices Break Record for Third Month in a Row: Top $6/Dozen
At $6.23 per dozen, average U.S. egg prices have broken the record high for the third month in a row, according to the latest monthly consumer price index of Grade A large eggs, released today. This eclipses the previous record high of $5.90/dozen last month.This news comes as the nation’s largest egg producer, Cal-Maine, reported soaring profits and record egg sales for the third quarter in a row earlier this week. In the first three quarters o…
Egg prices fall for first time post-bird flu, yet remain high
CHICOPEE, Mass. (WWLP) - Egg prices are finally going down as grocery stores saw lower demand. This is the first drop in egg prices since bird flu cases spiked earlier this year. 22News spoke with a local restaurant to get a cost breakdown of the diner classic. A break from the madness. Egg prices are starting to see a downward trend after months of scarcity and high demand during the bird flu outbreak. The USDA reported a price drop in the past…
Mississippi’s Cal-Maine Foods says government investigating egg prices
Shares of Ridgeland-based Cal-Maine Foods fell in after-hours trading Tuesday after the company acknowledged it is being investigated by the antitrust division of the U.S. Department of Justice.
The shell-shocking truth behind egg prices
In early 2022, the average price for a dozen Grade A eggs in the United States was approximately $2. By January 2025, this price had escalated to almost $5, with states seeing eggs priced at $10 or more per dozen. Eggs have long been a staple in our diets, celebrated for their affordability, versatility and nutritional value. However, recent fluctuations in egg prices left consumers and industry experts questioning the underlying causes. A combi…
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