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Sanderson Farms disappoints as chicken prices dip

2015-08-25 14:39:09| Food - Topix.net

Sanderson Farms Inc. said profit tumbled in its latest quarter, as the chicken company faced sharply lower market prices for its products. Sanderson, based in Laurel, Miss., has about 7% of the overall U.S. poultry market, behind Tyson Foods Inc. and Pilgrim's Pride Corp., and is a supplier for customers including Sysco Corp., Kroger Co.

Tags: prices chicken farms dip

 

Sanderson Farms (SAFM) Stock Retreating Following Price Target Decrease

2015-07-27 16:57:07| Food - Topix.net

Analysts have a cautious view on pure-play chicken stocks as chicken prices have softened due to supplies outpacing demand, according to the analyst note. Looking forward, chicken prices are expected to go down even more due to seasonally lower demand and lower pork prices.

Tags: price stock target decrease

 
 

Thanks To The Shorts, Fundamentally Strong Sanderson Farms Is Now A Buying Opportunity

2015-06-16 17:13:57| Food - Topix.net

I believe a recent decline in days-to-cover indicates that the shorts are recognizing that SAFM's price reflects chicken pricing and feed cost risks more than the status quo. Several negative catalysts are now priced into the stock, such that just maintaining the status quo could serve as an upside catalyst .

Tags: strong opportunity buying farms

 

Lower grain costs, continued demand boost Sanderson Farms Q2 numbers

2015-05-30 08:35:05| Food - Topix.net

Sanderson Farms Inc. reported results for its second fiscal quarter and six months ended April 30, 2015. Net sales for the second quarter of fiscal 2015 were $716.6 million compared with $660.7 million for the same period a year ago.

Tags: lower costs numbers continued

 

City holds hearing Monday on Sanderson Farms request

2015-05-10 13:43:38| Food - Topix.net

A hearing will be held on a request to rezone property on Elizabethtown Road near Snake Road for possible use as a Sanderson Farms chick hatchery. The council will also vote on applying for a $300,000 Golden LEAF Foundation grant to extend sewer lines to the site, which would be annexed into the city.

Tags: city request monday hearing

 

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