America’s largest egg producer has won three times in the last quarter after compliance with millions in government’s assistance

[ad_1]

• The bird flu epidemic proved to be very profitable for Cal-Maine, the largest egg producer in the United States For the first three months of 2025, the winner gathered up to $ 508 million, more than three times more than a year, more than three times more than three times with club flu and the USDA payments for skinny birds.

The White House’s egg prices return to the ground, the largest eggmaker of the nation still rejects in profits.

Cal-Maine, the largest egg producer in both America’s income and flock size, the company saw the earnings three times in the first three months of the year, according to the quarterly financial information report. The company sells $ 1.4 billion worth of eggs and earned $ 508 million, and in 2024 in the same period in the same period, gained more than $ 12 million in profit.

“Higher net sales were managed primarily by increasing net average sales prices,” Kal-Maine, Prices Call “and as a result of direct results in the sector (bird flu) during the peak seasonal demand of eggs and egg products. “The higher sales played a role, because the company has reduced production costs. For example, the value of chicken feed has decreased by about 10% for the quarter.

The CAL-Maine, which produces about five of the nation’s eggs, lost about 4% of her herd with bird flu in recent years. However, the company’s coffins are swollen because of the epidemic of bird flu. In the first three months of 2021, he earned $ 359 million for sale. Four years later, although he sells about 20% more eggs in a quarter of his income.

Nationwide, Price of eggs A record hit in February and expected to increase 40% more According to USDA this year.

“This” said Tomas Gremillyon Thomas Gremillion, director of food policy in the American Consumer Federation. Fortune. “You thought that the value of production for any kind of goodness will be eaten in the benefit of the manufacturer and instead of giving rise to scale orders of profit, which is very surprising that they can use the situation.”

CAL-Maine did not respond Lucky Survey for comments.

The profit took the eye of the Department of Justice opened an investigation in March to the sky-high egg prices. According to the company, Cal-Maine cooperates with the request of the DOJ.

At the same time, the profit rose, Cal-Maine adopted ten million people from the US Department of Agriculture. According to the company, the club has received $ 42 million in compensation for the flu Usaspending.gov.

Federal Rules require farmers to kill all birds in the herd if the bird flu is detected. USDA’s payment program It pays a certain price for a bird killed by some additional compensation to clean and disinfect.

Kal-Maine has temporarily closed the Texas rig last year, Kills about 2 million chickens. Earlier, a year, the Kansas rig closed with 684,000 weddings for bird flu.

“Gremillion,” said the foundations of bird flu “Gremillion” Fortune. “At this point, we pay a lot of money on (USDA payment program), and this is really large, really strong companies grow and become stronger.”

USDA’s compensation program, “An Egg Farm must deposit his flocks and the difference between the difference between the American Egg staff, the difference between the American Egg Staff, said.

“It is important to remember that eggs are sold in markets like other agricultural goods and wholesale prices are sold and sold in demand.” “This year, this year we have laid more than 125 million eggs in more than 30 million eggs since this year.”

Taxpayers gave $ 1.25 billion in bird flu compensation payments in November last year, According to the Federal Register. In February, the Trump management, biosecurity measures announced an additional $ 1 billion to combat bird flu, including expanding biosecurity measures and killed infected flocks.

This story was first displayed Fortune.com

[ad_2]
Source link