Spike in Egg Prices , Means Surging Profits for , Top US Egg Supplier.<br />The surging price of eggs means consumers are getting hit with another price hike.<br />However, the top egg supplier in the U.S. is currently taking in quarterly profits that have broken records. .<br />Cal-Maine Foods (CALM) is currently the nation's most significant egg distributor and producer.<br />Since Nov. of 2021, CALM has reported a 65 percent increase in profits from Sep. 2022 through Nov. 2022. .<br />In addition, .<br />... the company reported in December a 110 percent quarterly profit increase from the same quarter in 2021.<br />CALM's finance chief <br />cited three reasons for the <br />record increase in profits.<br />The significantly higher selling prices, our enduring focus on cost control, , Max Bowman, Cal-Maine’s Finance Chief, via CNN.<br />... and our ability to adapt to inflationary market pressures led to improved profitability overall, Max Bowman, Cal-Maine’s Finance Chief, via CNN.<br />The U.S. egg supply was hit by a deadly outbreak of avian flu. .<br />According to the <br />Centers for Disease Control and Prevention, .<br />... nearly 50 million egg-producing birds have died due to the outbreak since the beginning of 2022.<br />The outbreak led to an 11.1 percent increase in the prices of eggs from Nov. of 2022 to Dec. of 2022
