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Egg Giant's Profit Pain May Mean More Savings for U.S. Consumers

  • More chickens signal lower egg prices, Cal-Maine Foods says
  • Shares fall most in three years as profit misses all estimates
Egg Prices May Fall Further in the U.S.

Photographer: Daniel Acker/Bloomberg

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Egg lovers can look forward to cheaper omelets at brunch.

Cal-Maine Foods Inc., the biggest U.S. producer and distributor, said lower prices may be coming as there will be more chickens to lay eggs. The number of chicks hatched is up 11 percent since the beginning of the year, the company said in a statement Monday. That helped drive down shares.