4.2 • 5.3K Ratings
🗓️ 22 May 2025
⏱️ 16 minutes
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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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