This article is not meant to be a comprehensive analysis of the industry fundamentals or Cal-Maine's business and earnings model, since other SA authors have already covered those topics. The purpose of the publication is to highlight the potential opportunity for a significant increase in earnings resulting from the rapid rise in egg prices.
Background
The explosive demand for eggs in the United States has led to a shortage, causing a surge in prices. Average weekly prices for large eggs have more than tripled, moving from a low of 70 cents per dozen in late