CALM

Cal-Maine Foods, Inc. is a United States–based company operating in the consumer staples sector, within the food-production industry, specializing in the egg market.

It is the largest producer and distributor of shell eggs in the United States, participating in every stage of the value chain, including breeding, egg production, grading, packaging and national distribution.

Founded in 1969 in Mississippi by Fred Adams, the company emerged during a period of consolidation in the poultry industry, driven by increasing demand for affordable protein sources and the need for greater production efficiency.

Cal-Maine’s portfolio includes conventional eggs, specialty eggs (cage-free, free-range, organic), nutrient-enriched eggs, liquid egg products and several licensed premium brands. Key brands in its portfolio include Egg-Land’s Best, Land O’Lakes and Farmhouse.

The company serves grocery retailers, wholesalers, food-service operators, industrial food manufacturers and large national chains. Its operations are concentrated in the United States, with production facilities located across the South, Southeast, Midwest and Southwest.

The company’s structure includes breeder farms, layer farms, feed mills, production houses, egg-grading and packaging facilities, refrigerated distribution networks and specialized teams focused on animal health, nutrition and quality assurance.

A vertically integrated model allows Cal-Maine to maintain tight control over production costs and product consistency.

Market factors influencing the company include grain prices (especially corn and soybean meal), changing consumer preferences for specialty eggs, regulatory developments in animal welfare, impacts from avian influenza outbreaks, supply-and-demand fluctuations, retailer purchasing policies and logistics costs.

The national shift toward cage-free production is a major strategic axis shaping long-term investment decisions.

Cal-Maine Foods, Inc.’s shares trade on the Nasdaq under the ticker CALM.

History and when Cal-Maine Foods, Inc. was founded

Cal-Maine Foods was founded in 1969 by Fred R. Adams Jr. in Jackson, Mississippi, beginning with a modest egg operation that quickly expanded by acquiring regional producers and consolidating multiple segments of the supply chain.

Early growth focused on integrating feed production, egg farming and packaging operations to create an efficient, centralized model within a previously fragmented industry.

Throughout the 1970s and 1980s, the company expanded geographically and strengthened relationships with retailers by developing reliable supply and large-scale production.

Investments in production technology, animal-health programs and sanitary controls enabled Cal-Maine to improve efficiency and prepare for national expansion.

During the 1990s, the company pursued major acquisitions that significantly increased its production capacity. In 1996, Cal-Maine completed its initial public offering (IPO) on the Nasdaq, gaining access to capital necessary for continued expansion, modernization and logistical integration.

By the end of the decade, the company had established itself as one of the dominant producers in the country.

In the 2000s, Cal-Maine solidified its leadership in the egg industry by acquiring additional farms, entering premium branded categories and adapting operations to evolving regulatory requirements. It expanded its portfolio of specialty eggs and secured licensing agreements with well-known national brands.

Between 2020 and 2024, the company navigated a challenging environment marked by avian influenza outbreaks, significant price volatility and supply-chain constraints. Despite these challenges, Cal-Maine invested heavily in cage-free infrastructure, enhanced biosecurity programs and expanded production capacity.

By 2024, the company remained the largest egg producer in the United States, supported by vertical integration, operational scale and strategic adaptation to consumer and regulatory trends.

Additional Information

The Company Cal-Maine Foods Inc. (United States), is listed on Nasdaq with a market value of $ 4.02 Billions, having an equity of $ 2.70 Billions.

With a total of 3.636 employees, the company is listed in the sector of Basic Consumer Products and categorized in industry of Food Products.

In the last 12 months the Company had a revenue of $ 4.21 Billions, which generated a profit in the amount of $ 1.15 Billion.

As for its main indicators, the Company has a P/E ratio of 3.49, a P/BV ratio of 1.49 and in the last 12 months the dividend yield of CALM was at 9.43%.

The Company is traded internationally through the ticker CALM.