All articles tagged with #cal maine foods
Three major egg producers—Cal-Maine Foods, Versova, and Hickman’s Egg Ranch—will pay $3.3 million and donate 53 million eggs after a bipartisan probe found they secretly colluded to inflate the daily egg price index from 2022 to 2025, using spoofing-like tactics; part of the eggs will go to food banks and New Yorkers in need (4.9 million to NYC groups), and the companies must end price manipulation and adopt compliance measures.
Wisconsin DOJ and a multi-state coalition announced a settlement with Cal-Maine Foods, Hickman’s Egg Ranch and Versova over alleged coordinated bidding to raise egg prices from mid-2022 to early-2025. The pact ends price coordination, imposes compliance measures, and directs more than 50 million eggs and $3.3 million to food banks and nonprofits nationwide.
Three US egg producers—Cal-Maine Foods, Versova and Hickman’s Egg Ranch—agreed to settle claims they coordinated bids to inflate Urner Barry’s egg price benchmark from 2022–2025, donating about 53 million eggs and paying $3.3 million; the deal, still subject to court approval, would require them to stop communicating with competitors about bidding, appoint antitrust compliance officers, and implement monitoring after DoJ and 17 state attorneys general alleged bid strategies created artificial demand and higher prices amid avian-influenza-driven shortages.
Cal-Maine Foods, the largest egg producer in the US, discovered bird flu in chickens at its Texas plant, leading to the culling of 1.6 million hens and 337,000 pullets. This comes amid a spike in bird flu cases across the nation, with a person in Texas recently infected after contact with dairy cattle. The company has temporarily halted production and is following USDA protocols, while also working to secure production from other facilities to minimize disruption. Bird flu, primarily transmitted among birds, has also been found in dairy cattle in Kansas and Texas, with wild migratory birds believed to be the source of the infection.
Cal-Maine Foods, the largest US egg producer, has temporarily closed a Texas facility after nearly two million birds were wiped out by the H5N1 bird flu. The CDC confirmed a rare human case of bird flu in Texas, with the patient having had exposure to infected dairy cattle. The CDC stated that the general public health risk assessment for H5N1 bird flu in the US remains low, but individuals with close exposure to infected birds or animals are at greater risk. Cal-Maine Foods is working to secure production from other facilities and is coordinating with government officials and industry groups to manage the response and mitigate future outbreaks.
Cal-Maine Foods, the largest U.S. fresh egg producer, has temporarily halted production at a Texas plant after bird flu was found in chickens, leading to the destruction of approximately 1.6 million laying hens and 337,000 pullets. The virus has also been detected at a poultry facility in Michigan. The company is working to secure production from other facilities to minimize disruption to its customers, and there is no known bird flu risk associated with eggs currently in the market. Additionally, a person in Texas has been diagnosed with bird flu after contact with infected cows, marking the first known instance globally of a person catching this version of bird flu from a mammal.
Cal-Maine Foods, the largest producer of fresh eggs in the U.S., has temporarily halted production at a Texas plant and destroyed approximately 1.6 million laying hens and 337,000 pullets after bird flu was found in chickens. The virus has also been detected at a poultry facility in Michigan. A person in Texas has been diagnosed with bird flu after being in contact with infected cows, marking the first known instance globally of a person catching this version of bird flu from a mammal. The risk to the public remains low, and there is no known bird flu risk associated with eggs currently on the market.
Cal-Maine Foods, the largest egg producer in the United States, temporarily halted operations at a Texas facility after detecting bird flu in chickens, leading to the culling of 1.6 million hens and 337,000 pullets. A dairy worker in Texas is being treated for the virus, marking the second known human case in the U.S. The Centers for Disease Control and Prevention emphasized the low risk to human health but advised precautions, including avoiding uncooked poultry and unpasteurized milk. The recent uptick in bird flu cases among farm animals has also affected dairy cows in Texas, Kansas, Michigan, Idaho, and New Mexico.
Bird flu has been detected at Cal-Maine Foods, the largest chicken egg manufacturer in the U.S., resulting in the loss of about 1.9 million chickens. The outbreak occurred at a Texas plant, leading the company to temporarily halt production at the affected facility. While a person is unlikely to get bird flu from eggs, the CDC advises proper cooking and storage to minimize any risk.
Cal-Maine Foods, the largest US fresh egg producer, has halted production at a Texas plant after bird flu was found in chickens, resulting in the destruction of approximately 1.6 million laying hens and 337,000 pullets. The company is working with government officials and industry groups to mitigate future outbreaks and minimize disruption to customers. There is no known bird flu risk associated with eggs currently in the market, and state and national agencies are providing updated guidance. Additionally, a person in Texas has been diagnosed with bird flu after contact with infected cows, marking the first known instance of a person catching this version of bird flu from a mammal.
Egg prices are expected to increase as the top US producer, Cal-Maine Foods, experiences its first-ever outbreak of deadly avian influenza. The company's facility in Kansas tested positive for highly pathogenic bird flu, affecting around 1.6% of its flock, or 684,000 egg-laying hens. Cal-Maine shares surged by as much as 9.9% in response to the news.
Engineering and construction company Fluor gained 2% after being upgraded by UBS, while cruise line stocks like Carnival and Norwegian Cruise Line rose over 3% each. Sunnova Energy and Sunrun dropped to near 52-week lows after being downgraded by Truist due to concerns about elevated interest rates. Cal-Maine Foods slipped 6.6% after reporting weak earnings, and Intel announced plans to make its programmable chip unit a stand-alone business with an IPO in the next two to three years. Energy stocks fell as oil prices dropped, with Marathon Petroleum and Phillips 66 shares declining.
Cal-Maine Foods, the largest egg producer in the US, reported a 718% surge in profits in the last quarter due to a nationwide egg shortage that has sent prices soaring. The company's revenues doubled, beating analysts' estimates, and its net income rose seven-fold from the same quarter last year. Cal-Maine's egg production facilities have been spared from avian flu, which has forced farms to cull over 58 million chickens and turkeys since early last year. The US Department of Agriculture predicts egg prices will fall dramatically this year, barring a rebound in bird flu cases.
Cal-Maine Foods, the country's top egg producer, reported a 718% increase in quarterly profit, reaching $323 million due to higher average selling prices and favorable demand caused by bird flu. Some call for windfall profits taxes during such unusual external forces. Consumers pay the price as companies ride market trends higher without doing anything special or innovative to enhance shareholder value.