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Sanderson Farms reported a fiscal first-quarter net loss of $38.6 million, widening from a year earlier, as market prices fell. Boneless breast meat prices hit record lows in January, while tray pack and jumbo wing prices held up better.
Weak breast meat pricing and a loss-making leading producer signal ample broiler supply, which keeps chicken prices under pressure and limits feed demand growth.
meatpoultry.comRyan McCarthyFeb 27, 2020Not 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.
