date:May 14, 2014
pact of our higher margin specialty black hog meat products. The gross margins for breeder hogs, regular market hogs, black hogs, and retail sales were 36%, 6%, 9% and 48% respectively, for the first quarter of 2014. As a comparison, gross margins for breeder hogs, regular market hogs, and black hogs were 30%, 11%, and 4%, respectively, for the same period of last year.
Selling, general and administrative expenses increased $0.12 million, or 13%, to $1.06 million for the first quarter of 2014.