| Cal-Maine Foods, Inc. | |
| Type: | Public |
| Revenue: | (2020) |
| Assets: | US$1.21 billion (2020) |
| Equity: | US$1.01 billion (2020) |
| Num Employees: | 3,461 (May 30, 2020) |
Cal-Maine Foods, Inc. is an American fresh egg producer, established in 1969 and based in Jackson, Mississippi. Its eggs are sold mostly in mid-Atlantic, midwestern, southeastern, and southwestern states. These regions account for approximately a quarter of US egg consumption.[1] Cal-Maine is a public company trading on the NASDAQ, headed by its founder, Fred R. Adams, Jr., whose family owns a controlling interest.
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 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 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, 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.[4]
Early in the morning of December17, 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]
In November 2023, the company was found liable in a lawsuit alleging that it colluded, along with Rose Acre Farms, United Egg Producers, and United States Egg Marketers, to reduce the supply of eggs and increase prices between 2004 and 2008.[6] The plaintiffs in the case, a group of large food manufacturers led by Kraft Foods, originally filed the long-running lawsuit in 2011, but it did not reach trial until October 2023.[7]
In March 2024, it was announced Cal-Maine had completed the acquisition of a broiler processing plant, hatchery and feed mill in Dexter, Missouri from the American multinational food processing corporation, Tyson Foods for an undisclosed amount.[8]