US egg giant Cal-Maine says government is investigating price increases [View all]
Source: AP
Updated 6:25 PM EDT, April 8, 2025
Shares of Cal-Maine Foods, the largest U.S. egg producer, 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.
Ridgeland, Mississippi-based Cal-Maine said it received notice of the investigation into egg price increases last month. Cal-Maine said it is cooperating with the investigation. The company’s shares fell more than 4% in after-hours trading.
Egg prices have hit record highs in recent months, largely due to a bird flu epidemic that has forced farmers to slaughter more than 166 million birds, mostly egg-laying chickens.
One dozen Grade A eggs cost an average of $5.90 in U.S. cities in February, up 10.4% from a year ago. That eclipsed January’s record-high price of $4.95. The egg price increases have put Cal-Maine, which provides around 20% of the nation’s eggs, under increased scrutiny.
Read more: https://apnews.com/article/egg-prices-calmaine-foods-62e581aca199912082c2a06b211248ab
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