Cal-Maine

Cal-Maine Foods, Inc. (NASDAQ: CALM) is a fresh egg producer, established in 1969 and based in Jackson, Mississippi, in the United States. Its eggs are sold mostly in mid-Atlantic, midwestern, southeastern, and southwestern states. It accounts for approximately a quarter of US egg consumption.[1]

Cal-Maine Foods, Inc.
Traded asNASDAQ: CALM
S&P 600 Component
ISINUS1280302027 
Founded1957 
Headquarters
Jackson 
,
United States of America 
Websitewww.calmainefoods.com 

Cal-Maine is a public company trading on the NASDAQ, headed by its founder, Fred R. Adams, Jr., whose family owns a controlling interest.

On May 1, 2012, Cal-Maine announced a joint venture between the cooperative Eggland's Best and Land O'Lakes. Cal-Maine was the largest franchisee of Eggland's Best and one of the company's 13 shareholders. As of 2011, 16 percent of Cal-Maine egg sales were Eggland's Best.[2]

In 2018, an investigation at Lake Wales Farm by the animal rights group Animal Recovery Mission (ARM) indicated that chickens suffer inhumane living conditions and abuse by employees.[3]

According to the San Francisco Chronicle, in response to the Covid-19 outbreak Cal-Maine increased egg prices 300% triggering at least one lawsuit that alleges the price for a dozen eggs increased from $1 to $3.44 despite no interruption to its supply chain. [4]

Principal subsidiaries
  • Cal-Maine Farms, Inc.
  • Southern Equipment Distributors, Inc.
  • South Texas Applicators, Inc.
  • Cal-Maine Partnership, Ltd.
  • CMF of Kansas, LLC.
gollark: ddg! download more liras
gollark: It might be easier to just turn to crime?
gollark: $13 daily is $390 a month.
gollark: 5 kilodollars a year is somewhat more practical.
gollark: 26 kilodollars per year? Wow.

See also

References
  1. Wong, Vanessa (21 March 2017). "Egg Makers Are Freaked Out By The Cage-Free Future". BuzzFeed. Retrieved 14 June 2017.
  2. "Cal-Maine Foods, Inc. Announces New Joint Venture by Eggland's Best and Land O'Lakes Combining Their Specialty Egg Businesses". Business Wire. May 1, 2012. Retrieved May 21, 2019.
  3. Francuz, James (January 16, 2018). "Investigation Suggests Brutal Abuse Of Chickens At Lake Wales Farm". Inquisitr. Retrieved January 17, 2018.
  4. Guerrero, Susana (April 24, 2020). "Suit alleges Costco, Trader Joe's and others hiked egg prices during pandemic". Retrieved April 25, 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.