Loading…
Sanderson Farms reported net income of $115.8 million for the quarter ended July 31, 2017, up from $54.7 million a year earlier. Net sales rose to $931.9 million.
The company said a favorable supply and demand balance for fresh chicken lifted prices for breast meat, leg quarters and wings.
Stronger fresh chicken prices and a tight supply balance support higher poultry values, which lifts margins for integrators. Rising feed costs were offset by higher chicken prices in this period.
meatpoultry.comErica ShafferAug 24, 2017Not 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.
