Producer
Cal-Maine Foods
Largest producer and distributor of fresh shell eggs in the United States, producing approximately 20% of all commercially produced US eggs (~13 billion eggs/year). Revenue $4.26B in fiscal year ending May 2025 (83% growth driven by H5N1-related price surge). Total flock ~40+ million hens.
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1 input Cal-Maine Foods supplies
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Conventional Shell Eggs
70%Cage-Free, Organic, and Specialty
25%Egg Products and Distribution
5%
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Did you know2023
Cal-Maine Foods controls approximately 20% of US commercial egg production — the largest single US egg company by significant margin. During the 2022-2024 HPAI H5N1 outbreak, over 100 million US laying hens were culled due to avian influenza outbreaks, reducing US egg supply significantly and driving retail egg prices to record levels (over $7/dozen in some markets by January 2023). Cal-Maine's fiscal 2025 revenue grew 83% due entirely to the H5N1-driven egg price surge — the same supply disruption that caused US families to pay record prices for eggs generated record profits for the dominant egg producer. Cal-Maine has a policy of paying no dividends in years when it earns no profit, but paying out 1/3 of net income when profitable. This dividend policy meant that during the egg shortage, Cal-Maine distributed record dividends to shareholders while consumers paid emergency-level egg prices. The intersection of food supply chain concentration, zoonotic disease, and corporate profit-sharing structure created a visible political flashpoint on egg prices in 2023-2024.
Cal-Maine Foods, Inc. ↗