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Sanderson Farms posted a fourth-quarter fiscal 2018 net loss of $43.2 million, compared with a profit a year earlier. Net sales fell to $798.1 million from $919.9 million as weak demand for chicken and two hurricanes hit results.
Market prices declined after Labor Day, particularly for food-service products.
Weak chicken prices and demand reported by a major processor signal soft broiler markets, which tends to keep poultry meat prices low for buyers.
meatpoultry.comErica ShafferDec 20, 2018Not 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.
