Cal-Maine Foods shares are trading lower after the company reported that one of its Kansas facilities tested positive for highly pathogenic avian influenza, impacting approximately 684,000 laying hens.
Portfolio Pulse from Benzinga Newsdesk
Cal-Maine Foods' stock is trading lower following the report of a highly pathogenic avian influenza outbreak at one of its Kansas facilities, affecting around 684,000 laying hens.
December 12, 2023 | 9:38 pm
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Cal-Maine Foods' shares are down after the company reported avian influenza at a Kansas facility, affecting a significant number of hens.
The outbreak of avian influenza at a Cal-Maine Foods facility is likely to negatively impact the company's stock price in the short term due to potential disruptions in egg supply and the associated costs of containment and hen replacement. This news directly affects the company's operations and may concern investors about near-term earnings and operational efficiency.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100