Cal-Maine Foods acknowledged in a financial report that it is being investigated by the Department of Justice’s Antitrust Division over increased egg prices.
“In March 2025, the Company received a civil investigative demand in connection with a widely publicized investigation by the Antitrust Division of the Department of Justice into the causes behind nationwide increases in egg prices,” Cal-Maine said in its financial report for its third quarter on Tuesday. “The Company is cooperating with the investigation.”
The egg producer’s report revealed that it earned $508 million, a 245% increase from March of last year. Net sales were $1.4 billion, which the company said was “primarily driven by an increase in the net average selling price of shell eggs and also by higher volumes. The higher market prices are a direct result of the reduced supply of shell eggs across the industry due to HPAI during a period of peak seasonal demand for eggs and egg products.”
Cal-Maine Foods CEO and President Sherman Miller said, “Dynamic market conditions and HPAI-related supply shortages persisted this quarter. However, the entire Cal-Maine Foods team did an outstanding job in maximizing production through a period of high demand, while operating safely and maintaining diligence on biosecurity measures.”
“We were fortunate to have the ability to utilize our existing operational scale and to benefit from recent acquisitions, which helped increase our production capacity in this challenging supply environment. Above all, we stayed focused on meeting the needs of our valued customers, while honoring our long-standing pricing frameworks,” Miller said, adding, “Alongside our own efforts to address the current supply situation, we greatly appreciate the current administration’s recently announced plan to address the volatility in our vital industry. It is clear the administration recognizes the importance of eggs as a low-cost, high-value, unprocessed protein for feeding our nation’s families. Cal-Maine Foods’ unwavering mission is to be the country’s most sustainable producer and reliable supplier of this valuable source of nutrition.”
