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Egg Industry

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Bird Flu Outbreak Devastates Midwest Egg Farms

A Meeker County egg operation in Minnesota has culled 1.3 million chickens due to bird flu, marking the largest single-site loss in the state. This contributes to nearly 6 million egg-laying hens lost in recent outbreaks in Iowa and Minnesota. Michael Foods, part of Post Holdings, reported a loss of 5.7 million birds, affecting 14% of its egg supply. Egg prices have been rising, averaging $2.86 per dozen last month. While avian influenza has also been detected in cows, no cattle in Minnesota have tested positive. Federal authorities state the virus does not threaten the food supply, and human infection risk is low.

via Star Tribune|

#agriculturehealth #avian-influenza #bird-flu

business2 years ago•3 min saved

Senate candidate's family-owned company found guilty of egg price gouging by jury

An Illinois jury has found that several companies, including one co-owned by a U.S. Senate candidate from Indiana, conspired to restrict the supply of eggs to drive up prices. The companies, including Rose Acre Farms Inc., will have to pay damages to General Mills Inc., Kraft Heinz Co., Kellogg Co., and Nestle SA. The damages will be determined in a trial scheduled for November. The Senate candidate, John Rust, is also facing another court case regarding his access to the Republican primary ballot.

via Indiana Capital Chronicle|

#business #egg-industry #election

business2 years ago•6 min saved

From Entrepreneur to Egg Mogul: How a 68-Year-Old Built a $460 Million Business

Matt O'Hayer, the founder of Vital Farms, the largest producer of pasture-raised eggs in the US, built a $450 million egg company by focusing on a "deeper purpose" rather than solely pursuing wealth. O'Hayer started the company in 2007 with 20 hens and a goal to raise egg-laying hens in a more humane environment. Vital Farms now works with over 300 family farms and brings in millions of dollars in revenue each year by marketing ethically produced eggs to customers willing to pay a premium. The company's success is attributed to its mission, taste, and flavor of the eggs, as well as its partnerships with major retailers. Despite facing challenges and lawsuits, Vital Farms aims to continue growing in the $14 billion US eggs market.

via CNBC|

#business #conscious-capitalism #egg-industry