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Sanderson Farms reported first-quarter fiscal 2021 net sales of $909.3 million, up from $823.1 million, and net income of $9.5 million versus a loss a year earlier. Retail tray pack prices rose about 3.1%, while quoted bulk leg quarter prices fell about 26.4%.
The company said its feed cost per pound of processed poultry rose 1.3%.
Solid retail pricing and strong profits suggest healthy US broiler demand and production margins, supporting continued chicken output and feed use. The mixed wholesale price moves, with lower leg quarter prices, signal uneven demand across cuts.
meatpoultry.comErica ShafferFeb 26, 2021Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
