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Pilgrim's Pride reported lower third-quarter profit as chicken supply continued to exceed demand. Net income fell to $117.6 million, or 49 cents a share, from $342.8 million, or $1.44 a share, a year earlier.
CEO Fabio Sandri cited a significant increase in market supply.
Excess chicken supply pressures processor margins and wholesale chicken prices, which can weaken demand for feed ingredients tied to broiler production.
marketwatch.comOct 28, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
