Shares of Cal-Maine Foods Inc. slipped 0.2% in morning trading Tuesday, to put them in danger of snapping a four-day win streak, after the government’s May...
Shares of Cal-Maine Foods Inc.
slipped 0.2% in morning trading Tuesday, to put them in danger of snapping a four-day win streak, after the government’s May inflation data showed the index for egg prices falling 13.8%, the largest drop since January 1951. The company, which claims to be the largest producer of fresh shell eggs in the U.S., reported in late-March profit and revenue for the quarter to Feb. 25 that rose well above expectations, citing “significantly higher market prices” for eggs.
slipped 0.2% in morning trading Tuesday, to put them in danger of snapping a four-day win streak, after the government’s May inflation data showed the index for egg prices falling 13.8%, the largest drop since January 1951. The company, which claims to be the largest producer of fresh shell eggs in the U.S., reported in late-March profit and revenue for the quarter to Feb. 25 that rose well above expectations, citing “significantly higher market prices” for eggs.
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