NEWS
Sanderson Farms Reports 1Q Loss
Thu Feb 21, 2013 07:36 AM CST

(Dow Jones) -- Sanderson Farms Inc.'s (SAFM) first-quarter loss narrowed as the poultry producer recorded higher revenue, although it continued to grapple with rising grain costs, pushing results well below Street estimates.

Sanderson has seen its profits pressured by record-high prices for corn and soybeans, which form the bulk of its poultry feed. However, as with others in the industry, Sanderson reduced its chicken production last year, which has led to gains in chicken prices.

"Our results for the first quarter of fiscal 2013 reflect improving, but still challenging, conditions for our industry," Chief Executive Joe F. Sanderson Jr. said. ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Ample Stocks Ahead Drought recovery in many areas has led to higher stocks, brighter production prospects and modera...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Klinefelter: By the Numbers Deteriorating profit margins flip the fortunes of big renters and conservative owner-operators. I...
  • Training for Sustainability The Hmong American Farmers Association is helping producers who migrated to the United States fol...
  • Ask the Vet What are these crusty scabs on my cattle?
Related News Stories
Senior Partners - 5
Ag Interest Rate Snapshot
Net Farm Income Falling Fast
Monsanto Calls Off Hunt
Monsanto Calls Off Hunt
Monsanto Nixes Syngenta Bid
View From the Cab
Merger Approved
Deere Reports Profit Down
Deere Reports Profit Down