date:May 30, 2014
Lower prices for feed grains and strong consumer demand for poultry lifted second quarter profits at Sanderson Farms, Inc.
For the three months ended April 30, Sanderson reported net income of $51 million, or $2.21 per share, compared to net income of $24.4 million, or $1.06 per share in the comparable year-ago period.
The results for our second quarter of fiscal 2014 reflect lower grain costs and continued favorable demand for poultry products, Joe F. Sanderson, Jr., chairman and CEO, said in