My family are private egg farmers. CALM is headed way up. Supply is very short, demand is high, fuel prices are dropping, feed prices are at an all time low, the avian flu killed 38.9 million birds, it will take a few years to totally replenish those birds.
Plus California has passed new regulations requiring all eggs to be cage free...even the eggs that are imported into the state. California's rules are rippling beyond its borders compelling producers to put more cage free birds into production.. No state consumes more eggs — and about a third of its supply must be imported....all of this is a perfect storm that will wipe out the shorts. Egg prices and CALM's profits will be high for the foreseeable future.