U.S. Egg Recall Linked to 98 Illnesses Raises Brand Risk as Supply Hit Looks Small
The U.S. salmonella outbreak expanded to 98 cases on Friday. On a supply basis, the recall equals roughly 1.8 hours of average June output.
Cal-Maine’s settlement dwarfed by $1.4 billion in higher egg sales
Cal-Maine Foods gained 0.9% to $84.59 Monday afternoon as traders seemed to shrug off the sticker shock from the U.S. egg-pricing settlement. Shares changed hands at 5.9 times trailing earnings, suggesting the market still sees Cal-Maine as a cyclical name instead of a company weighed down by a big cash hit.
Salmonella Scare: FDA Upgrades Egg Recall to ‘Highest Risk’ — Are Your Eggs Affected?
Egg supplies and prices remain the backdrop to this story. 163 million U.S. poultry have died from avian flu since 2022, cutting the egg-laying flock by ~11% vs. 2019 reuters.com. Consumers have seen sticker shock – in some cities eggs cost $8–$10 per dozen reuters.com. This summer’s massive recall is partly why the FDA reclassified it at the top risk level newsweek.com foodnetwork.com.
TechStock² Updates
