Cal-Maine Foods, Inc. CALM shares were trading lower in Tuesday's after-hours session after the company reported one of its facilities in Kansas tested positive for highly pathogenic avian influenza.
What To Know: Cal-Maine Foods stated the disease affected approximately 684,000 laying hens, or approximately 1.6% of its total flock.
The company temporarily ceased production at the Kansas facility, per USDA-prescribed protocols. Also, to mitigate any disruption, the company was in the process of securing production from other facilities.
Furthermore, no other Cal-Maine Foods locations tested positive for the disease, to date. The company provided additional reassurance by citing its strong biosecurity programs throughout its locations, as well as the strict protocols it put in place to prevent exposure to other locations from the Kansas facility.
Related Link: What's Up With Incyte Stock Lately?
CALM Price Action: Shares of CALM were down 1.68% at $48.07 in the after-hours session Tuesday at the time of publication, according to Benzinga Pro.
Photo: Erika Varga from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
