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Cal-Maine

From Wikipedia, the free encyclopedia
(Redirected fromEggland's Best)
Egg producer in Jackson, Mississippi
Cal-Maine Foods, Inc.
Company typePublic
Founded1957; 68 years ago (1957)
HeadquartersRidgeland, Mississippi, U.S.
Key people
Sherman Miller,CEO
RevenueDecreaseUS$1.35 billion (2020)
Total assetsIncrease US$1.21 billion (2020)
Total equityIncrease US$1.01 billion (2020)
Number of employees
3,461 (May 30, 2020)
Websitecalmainefoods.com

Cal-Maine Foods, Inc. is an American freshegg producer based inRidgeland, Mississippi. As of 2024, it was the largest egg producer in the United States.[1][2] Its eggs are sold under several different brand names, including Egg-Land's Best,Land O'Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4-Grain.[3] The company was founded in 1957 by Fred R. Adams, Jr., whose family owns a controlling interest in the company, which is publicly traded on theNASDAQ stock exchange.

Recent history

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The company's size is largely due to itsacquisition of at least 25 other egg-producing businesses over the years.[2] As of 2025[update], they produce and sell about 13 billion eggs each year, or about 20% of all commercially produced eggs in the US.[2]

On May 1, 2012, Cal-Maine announced ajoint venture between thecooperative Egg-Land's Best and Land O'Lakes. Cal-Maine was the largestfranchisee of Egg-Land's Best and one of the company's 13 shareholders. As of 2011, 16 percent of Cal-Maine egg sales were Egg-Land's Best.[4]

In 2018, an investigation at Lake Wales Farm by the animal rights group Animal Recovery Mission (ARM) indicated that chickens suffered 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 followedAmerican Veterinary Medical Association (AVMA) protocols for euthanizing poultry. No confirmation of abuse was found.[5]

According to theSan Francisco Chronicle, in response to theCOVID-19 pandemic, in the spring of 2020, Cal-Maine increased egg prices over 300%, from $1 to $3.44 per dozen. This triggered at least one lawsuit challenging the price jump as unjustified, since there hadn't been an actual supply chain interruption.[6] The lawsuit was dismissed in August 2020.[7]

Early in the morning of December 17, 2020, a fire destroyed two barns at Cal-Maine'sDade City, Florida facilities. The fire killed over 240,000chickens, including 120,000 pullets; the financial loss was estimated to be over $1 million.[8]

In 2021, Cal-Maine moved its headquarters fromJackson, Mississippi to Ridgeland, Mississippi.[9]

In November 2023, the company was found liable in a lawsuit alleging that itcolluded, along withRose Acre Farms,United Egg Producers, and United States Egg Marketers, to reduce the supply of eggs andincrease prices between 2004 and 2008.[10] The plaintiffs in the case, a group of large food manufacturers led byKraft Foods, originally filed the long-running lawsuit in 2011, but it did not reach trial until October 2023.[11]

In March 2024, Cal-Maine acquired abroiler processing plant, hatchery and feed mill inDexter, Missouri from the American multinational food processing corporation,Tyson Foods for an undisclosed amount.[12] In June 2024, a group ofpoultry farmers filed a lawsuit against Cal-Maine and Tyson Foods, alleging that the companies had conspired to prevent a competing meatpacking company from purchasing the Dexter facility in violation of Missouri'santitrust laws.[13]

Cal-Maine Foods received $44.8 million in taxpayer funded USDA Indemnity payments for exterminating flocks due toavian influenza. The birds were killed using the controversial killing method known asventilation shutdown plus.[14][15]

In 2025,watchdog journalism complained to the US federal government that Cal-Maine and other large egg producers might be engaged in profiteering and collusion from thebird flu outbreak at the expense of small farmers, which caused a national egg shortage and drove up thecommodity price of eggs.[2] This was prompted by higher profits and the fact that Cal-Maine hens had not died from bird flu.[2] TheUS Department of Justice Antitrust Division began investigating Cal-Maine.[16]

Principal subsidiaries

[edit]
  • Cal-Maine Farms, Inc.
  • Southern Equipment Distributors, Inc.
  • South Texas Applicators, Inc.
  • Cal-Maine Partnership, Ltd.
  • CMF of Kansas, LLCads 2004

References

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  1. ^Owens, Nathan (2024-10-03)."Cal-Maine profits soar, driven by higher egg prices and supply demands | Agriculture Dive".Agriculture Dive.Archived from the original on 2025-04-14. Retrieved2025-06-05.
  2. ^abcdeAbelson, Jenn; Contrera, Jessica (2025-06-19)."The Great Egg Heist: 280,000 eggs disappeared from America's top producer. Then came a ransom note".The Washington Post. Retrieved2025-06-19.
  3. ^"Cal-Maine Foods, Inc. (CALM) Company Profile & Facts".Yahoo Finance.Archived from the original on 2024-12-18. Retrieved2025-06-04.
  4. ^"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. RetrievedMay 21, 2019.
  5. ^Francuz, James (January 16, 2018)."Investigation Suggests Brutal Abuse Of Chickens At Lake Wales Farm".Inquisitr. RetrievedJanuary 17, 2018.
  6. ^Guerrero, Susana (April 24, 2020)."Suit alleges Costco, Trader Joe's and others hiked egg prices during pandemic".San Francisco Chronicle.Archived from the original on 2025-03-10. Retrieved2025-06-04.
  7. ^Graber, Roy (2020-08-18)."Lawsuit accusing Cal-Maine of price gouging is dismissed | WATTAgNet".WATTPoultry.Archived from the original on 2024-06-22. Retrieved2025-06-05.
  8. ^Vigdor, Neil (17 December 2020)."At Least 240,000 Chickens Are Killed in Fire at Florida Egg Farm".The New York Times. Retrieved18 December 2020.
  9. ^Dent, Duncan (2021-07-07)."Cal-Maine, one of largest U.S. egg producers, moves HQ to Ridgeland".Madison County Journal.Archived from the original on 2021-09-28. Retrieved2025-06-05.
  10. ^Volmert, Isabella (2023-11-22)."U.S. egg producers conspired to fix prices from 2004 to 2008, a federal jury ruled". Associated Press. Retrieved2023-11-25.
  11. ^Arcieri, Katie (2023-10-17)."Kraft, Kellogg Go After Egg Producers for Price-Fixing Scheme".Bloomberg Law. Retrieved2023-11-25.
  12. ^"Cal-Maine Foods completes acquisition of Tyson Foods' assets".FoodBev Media. 2024-03-19. Retrieved2024-03-19.
  13. ^McCracken, John (2024-06-17)."Tyson Foods, Cal-Maine Foods sued for alleged antitrust action".Investigate Midwest.Archived from the original on 2025-05-13. Retrieved2025-06-05.
  14. ^Midwest, John McCracken, Investigate (2025-04-30)."Underage workers, millions of dollars and trucks full of dead chickens — inside the business of killing in response to bird flu".Investigate Midwest. Retrieved2025-07-04.{{cite web}}: CS1 maint: multiple names: authors list (link)
  15. ^"How U.S. Taxpayers Bailed Out the Poultry Industry, and Helped Entrench Avian Flu". 2025-01-28. Retrieved2025-07-04.
  16. ^"US egg giant Cal-Maine says government is investigating price increases".CNN Business. 2025-04-09.Archived from the original on 2025-05-07. Retrieved2025-06-05.

External links

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