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Sanderson Farms reported first-quarter net income of $23.2 million, up from $10.7 million a year earlier, on net sales of $688.3 million. Higher dark meat prices and lifted export bans, except China, drove the gains.
Foodservice demand remains weak.
Higher poultry prices and improved export access signal firm broiler demand, which supports feed grain and protein meal use by US poultry producers.
meatpoultry.comErica ShafferFeb 23, 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.
