The Journal. Eggs Are Still Expensive. Is This Company to Blame?
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May 22, 2025 
In this engaging discussion, Patrick Thomas, WSJ's agriculture reporter, dives into the controversy surrounding Cal-Maine, the major player in the U.S. egg market. With soaring egg prices linked to a national shortage and bird flu, many blame the company for profiting during this crisis. Thomas reveals insights from a visit to their production facilities, examining their biosecurity measures and ethical concerns over price gouging. The podcast also discusses ongoing investigations into their pricing strategies amid public outrage and market dynamics.
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Meet Sherman Miller, CEO
- Sherman Miller started as an intern and is now Cal-Maine's CEO. - He deeply embodies the company's culture and defends its response to the bird flu crisis.
Bird Flu as the Real Culprit
- Bird flu is the true villain behind there being fewer eggs. - Cal-Maine planned for bird flu since August 2021 and invested $70M in biosecurity.
Cal-Maine's Profit Windfall
- Cal-Maine lost fewer hens to bird flu than competitors, benefiting from high egg prices. - This rare position led to record profits and soaring stock value.