The change will mean a rise
in egg prices, with caged eggs being the cheapest option, but is expected to be applauded by animal rights groups and ethical consumers.
Second, we have the Egg Products segment — results were not so hot, but I guess higher
shell egg prices should feed through in due course.
To make this even more compelling, recent EU directives (on flock welfare) have whacked EU egg capacity, and pushed up
egg prices nearly 50 % YoY in Feb as a result.
The infographics below present data
on egg prices nationally, and in California, to bring factual clarity to this important discussion.
Fluctuations
in egg prices, supply problems and increasing demand for vegan food products call for formulations with reduced egg content, e.g. in the bakery...
Both are in downtrends and CALM recently started a downtrend after a downgrade, the ongoing threat of
an egg price fixing lawsuit, and an earnings report that warned of volatile feed costs (see Finviz chart below).