Cal-Maine

Cal-Maine Foods, Inc. (NASDAQ: CALM) is an American fresh egg producer, established in 1969 and based in Jackson, Mississippi, in the United States. Its eggs are sold mostly in mid-Atlantic, midwestern, southeastern, and southwestern states. It accounts for approximately a quarter of US egg consumption.[1]

Cal-Maine Foods, Inc.
NASDAQ: CALM
S&P 600 Component

Cal-Maine is a public company trading on the NASDAQ, headed by its founder, Fred R. Adams, Jr., whose family owns a controlling interest.

Recent history

On May 1, 2012, Cal-Maine announced a joint venture between the cooperative Eggland's Best and Land O'Lakes. Cal-Maine was the largest franchisee of Eggland's Best and one of the company's 13 shareholders. As of 2011, 16 percent of Cal-Maine egg sales were Eggland's Best.[2]

In 2018, an investigation at Lake Wales Farm by the animal rights group Animal Recovery Mission (ARM) indicated that chickens suffer inhumane living conditions and abuse by employees. After further investigation by the Polk County sheriff's department and the United States Department of Agriculture (USDA) it was found that the farm had followed American Veterinary Medical Association (AVMA) protocols for euthanizing poultry. No confirmation of abuse was found. [3]

According to the San Francisco Chronicle, in response to the COVID-19 pandemic, Cal-Maine increased egg prices 300% triggering at least one lawsuit that alleges the price for a dozen eggs increased from $1 to $3.44 despite no interruption to its supply chain. [4]

Early in the morning of December 17, 2020, a fire destroyed two barns at Cal-Maine's Dade City, Florida facilities. The fire killed over 240,000 chickens, including 120,000 pullets; the financial loss was estimated to be over $1 million.[5]

Principal subsidiaries
  • Cal-Maine Farms, Inc.
  • Southern Equipment Distributors, Inc.
  • South Texas Applicators, Inc.
  • Cal-Maine Partnership, Ltd.
  • CMF of Kansas, LLC

See also

References
  1. Wong, Vanessa (21 March 2017). "Egg Makers Are Freaked Out By The Cage-Free Future". BuzzFeed. Retrieved 14 June 2017.
  2. "Cal-Maine Foods, Inc. Announces New Joint Venture by Eggland's Best and Land O'Lakes Combining Their Specialty Egg Businesses". Business Wire. May 1, 2012. Retrieved May 21, 2019.
  3. Francuz, James (January 16, 2018). "Investigation Suggests Brutal Abuse Of Chickens At Lake Wales Farm". Inquisitr. Retrieved January 17, 2018.
  4. Guerrero, Susana (April 24, 2020). "Suit alleges Costco, Trader Joe's and others hiked egg prices during pandemic". Retrieved April 25, 2020.
  5. Vigdor, Neil (17 December 2020). "At Least 240,000 Chickens Are Killed in Fire at Florida Egg Farm". The New York Times. Retrieved 18 December 2020.
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