Egg Glut Deepens Problems in Farm Economy

Too many hens laying too many eggs are pushing down prices for the consumer staple, hurting sales at producers and adding more stress to the U.S. farm economy

Too many hens laying too many eggs are pushing down prices for the consumer staple, hurting sales at producers such as Cal-Maine Foods Inc. and adding more stress to the U.S. farm economy.

Jackson, Miss.-based Cal-Maine, the nation’s top egg producer, said Monday that prices for its eggs fell 30% to about 92 cents a dozen in its quarter that ended Aug. 31. The result cut Cal-Maine’s sales by 29%, year over year.

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