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Cal-Maine

Cal-Maine Foods, Inc. is an American fresh egg producer, established in 1969 and based in Jackson, Mississippi. Its eggs are sold mostly in mid-Atlantic, midwestern, southeastern, and southwestern states. These regions account for approximately a quarter of US egg consumption.[1]

Cal-Maine Foods, Inc.
TypePublic
Founded1957; 66 years ago (1957)
HeadquartersJackson, Mississippi, U.S.
Revenue US$1.35 billion (2020)
Total assets US$1.21 billion (2020)
Total equity US$1.01 billion (2020)
Number of employees
3,461 (May 30, 2020)
Websitecalmainefoods.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.

Recent history

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. After further investigation by the Polk County sheriff's department and the United States Department of Agriculture (USDA), it was found that the farm had followed American Veterinary Medical Association (AVMA) protocols for euthanizing poultry. No confirmation of abuse was found.[3]

According to the San Francisco Chronicle, in response to the COVID-19 pandemic, in the spring of 2020, Cal-Maine increased egg prices some 300% - from $1 to $3.44 per dozen. This triggered at least one lawsuit challenging the price hike as unjustified, since there hadn't been an actual supply chain interruption.[4]

Early in the morning of December 17, 2020, a fire destroyed two barns at Cal-Maine's Dade City, Florida facilities. The fire killed over 240,000 chickens, including 120,000 pullets; the financial loss was estimated to be over $1 million.[5]

Principal subsidiaries

  • Cal-Maine Farms, Inc.
  • Southern Equipment Distributors, Inc.
  • South Texas Applicators, Inc.
  • Cal-Maine Partnership, Ltd.
  • CMF of Kansas, LLCads 2004

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.
  5. ^ Vigdor, Neil (17 December 2020). "At Least 240,000 Chickens Are Killed in Fire at Florida Egg Farm". The New York Times. Retrieved 18 December 2020.

External links

  • Official website

maine, this, article, contains, content, that, written, like, advertisement, please, help, improve, removing, promotional, content, inappropriate, external, links, adding, encyclopedic, content, written, from, neutral, point, view, april, 2018, learn, when, re. This article contains content that is written like an advertisement Please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view April 2018 Learn how and when to remove this template message Cal Maine Foods Inc is an American fresh egg producer established in 1969 and based in Jackson Mississippi Its eggs are sold mostly in mid Atlantic midwestern southeastern and southwestern states These regions account for approximately a quarter of US egg consumption 1 Cal Maine Foods Inc TypePublicTraded asNasdaq CALMS amp P 600 componentFounded1957 66 years ago 1957 HeadquartersJackson Mississippi U S RevenueUS 1 35 billion 2020 Total assetsUS 1 21 billion 2020 Total equityUS 1 01 billion 2020 Number of employees3 461 May 30 2020 Websitecalmainefoods wbr comCal Maine is a public company trading on the NASDAQ headed by its founder Fred R Adams Jr whose family owns a controlling interest Contents 1 Recent history 2 Principal subsidiaries 3 References 4 External linksRecent history EditOn 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 After further investigation by the Polk County sheriff s department and the United States Department of Agriculture USDA it was found that the farm had followed American Veterinary Medical Association AVMA protocols for euthanizing poultry No confirmation of abuse was found 3 According to the San Francisco Chronicle in response to the COVID 19 pandemic in the spring of 2020 Cal Maine increased egg prices some 300 from 1 to 3 44 per dozen This triggered at least one lawsuit challenging the price hike as unjustified since there hadn t been an actual supply chain interruption 4 Early in the morning of December 17 2020 a fire destroyed two barns at Cal Maine s Dade City Florida facilities The fire killed over 240 000 chickens including 120 000 pullets the financial loss was estimated to be over 1 million 5 Principal subsidiaries EditCal Maine Farms Inc Southern Equipment Distributors Inc South Texas Applicators Inc Cal Maine Partnership Ltd CMF of Kansas LLCads 2004References Edit Wong Vanessa 21 March 2017 Egg Makers Are Freaked Out By The Cage Free Future BuzzFeed Retrieved 14 June 2017 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 Francuz James January 16 2018 Investigation Suggests Brutal Abuse Of Chickens At Lake Wales Farm Inquisitr Retrieved January 17 2018 Guerrero Susana April 24 2020 Suit alleges Costco Trader Joe s and others hiked egg prices during pandemic Retrieved April 25 2020 Vigdor Neil 17 December 2020 At Least 240 000 Chickens Are Killed in Fire at Florida Egg Farm The New York Times Retrieved 18 December 2020 External links EditOfficial website Retrieved from https en wikipedia org w index php title Cal Maine amp oldid 1135288546, wikipedia, wiki, book, books, library,

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