Cal-Maine Foods says egg prices returned to more normal levels

The company states: “We are proud of our performance over the past year as we demonstrated solid execution of our organic growth strategy in a dynamic market environment. Despite ongoing uncertainties related to HPAI and other macroeconomic concerns, we remained focused on managing our operations as efficiently and safely as possible. We have continued to deliver against our key performance metrics, and we commend the work of our managers and employees for their dedication and continued support of our valued customers. Across our operations, we have a shared commitment to our mission to be the most reliable and sustainable producer of fresh shell eggs and egg products. While egg prices were higher during most of fiscal 2023 due primarily to the impact of HPAI and higher grain and other input costs, they have returned to pricing levels more in line with historic norms. Moving forward, we believe that the demand for affordable food choices will continue to grow. As the largest producer and distributor of fresh shell eggs, we are well positioned to support this need in more communities. Eggs offer a great nutritional value with high quality protein and essential vitamins and minerals for healthy living such as choline, vitamin B12 and iodine. Cal-Maine Foods’ proven operating model and differentiated product mix continue to support our ability to meet changing customer demand and extend our market reach. Importantly, we have the financial strength to support our growth strategy, which includes acquisitions and organic growth, and we look forward to the opportunities ahead for Cal-Maine Foods in fiscal 2024.”