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The Journal.

Eggs Are Still Expensive. Is This Company to Blame?

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.25.3K Ratings

🗓️ 22 May 2025

⏱️ 16 minutes

🧾️ Download transcript

Summary

Some consumers and lawmakers upset over high egg prices believe they’ve found a villain: Cal-Maine. The little-known company produces one out of every five eggs sold in the U.S. And in the midst of a national egg shortage and a bird flu epidemic, Cal-Maine has been raking in the profits. But are the accusations against Cal-Maine fair? WSJ’s Patrick Thomas investigates. Annie Minoff hosts.   Further Listening: -An Eggspensive Dilemma  -Bird Flu and the High Price of Eggs Sign up for WSJ’s free What’s News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans eat a lot of eggs.

0:08.4

And that includes our colleague Patrick Thomas, who likes them scrambled.

0:12.1

A go-to on the weekend, you know, bagel and scrambled eggs, right?

0:15.4

Patrick covers agriculture.

0:17.8

People eat about an egg a day, roughly, and a hen produces roughly an egg a day.

0:24.1

So the easiest math to think of the egg industry is that everyone has their own hen.

0:29.4

Personal chicken?

0:30.5

Everyone's got a personal chicken.

0:32.6

But over the past few years, a lot of those chickens have died.

0:36.5

More than 150 million of them, as waves of bird flu have swept the country.

0:42.0

That's helped catapult egg prices to historic highs, angering consumers. And some are pointing the finger at more than just bird flu.

0:50.4

They're blaming a company called Cal Maine. Cal Maine Foods, the biggest egg producer in America, just posted a massive profit.

0:58.8

$509 million. That is three times their quarterly profit for the same quarter last year.

1:04.9

Here they are at the end of the year recording record profit. So they raised all the prices for no reason at all.

1:14.1

Cal Main is the largest egg producer in the country. It supplies one out of every five eggs

1:19.5

that Americans eat. Despite that, it's not well known. Partly because Cal Main's name isn't on the

1:26.0

egg carton. It's egg sell under local brand names.

1:29.3

But it's also because the company's pretty secretive.

1:32.3

It doesn't do investor calls and rarely gives media interviews.

1:36.3

Lately, though, it's been attracting attention because of those massive profits.

1:41.3

So Patrick set out to learn what he could about this little-known company

1:45.2

at the center of America's egg crisis.

...

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