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Cal-Maine Foods, Inc. Message Board

  • alumilli alumilli Apr 10, 2013 7:08 PM Flag



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    • My guess is the post Easter drop of about 30 cents per dozen was greater than expected. Hen numbers are up and egg production will likely be up for summer putting more pressure on egg prices. “old” corn prices have dropped, but are still fairly high. Low egg prices and fairly high corn prices could lead to summer losses. Investors may question if producers will start expanding flocks and production even more with visions of $4 November new crop corn? Short term is not looking great IMO … longer term … fewer worries, IMO, buy on a price dip into the low thirties or high twenties.

      Potential positives …
      protein availability is down with the drop in cattle numbers … will eggs eat up some of that demand?
      CA HSUS legislation set for Jan 1, 2015, will CA hen numbers drop … boosting national egg prices?

      • 1 Reply to netlosstoo
      • Today’s dried egg report
        15.2 m lbs @ March 31. That is about as low as I can remember over the last two years. This with the higher hen numbers would suggest per capita egg consumptions is going up …. And just maybe eggs ARE replacing some of that protein void left by lower cattle numbers. A good sign IMO.

        (but still want to see more evidence before upping investment in CALM for the short term)

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