Sanderson’s Surprise Profit
...How did the company manage it? Corn prices rose 28% while soybean meal rose 47%, according to the company. Chicken prices did not show the same kind of appreciation — boneless breast and jumbo wing prices fell during the quarter, while whole chicken prices rose 6%. Analysts at BMO Capital Markets say the company has been successful in the “big-bird deboning” segment of the chicken industry (the most profitable segment), and it has gained market share as well, helping offset costs....
