Not only has the number of egg-laying hens in the United States reached record levels, those hens are more productive than ever. Now the country is in the midst of an egg glut that has sent prices plunging. Lower prices are great for consumers, food manufacturers, and food retailers, but not so much for egg producers. That’s why shares of Cal-Maine Foods, the largest US supplier of eggs, are down 10% YTD. Interestingly, poultry producers whose shares would normally sink in sympathy have seen their stock prices skyrocket instead.

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