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Sanderson Farms to Participate in BMO Capital Markets Farm to Market Virtual Conference
May 11, 2021 GMT
LAUREL, Miss. (BUSINESS WIRE) May 11, 2021
Sanderson Farms, Inc. (NASDAQ: SAFM) today announced that management will participate in the BMO Capital Markets 16 th Annual Farm to Market Conference to be held May 19-20, 2021. Due to the COVID-19 pandemic, this conference will be held in a virtual format only.
The investor presentation by Joe F. Sanderson, Jr., chairman and chief executive officer, and Mike Cockrell, treasurer, chief financial officer & chief legal officer, will begin at approximately 10:20 a.m. Central Time, 11:20 a.m. Eastern Time on Wednesday, May 19, 2021, and will be available to investors via a live audio webcast. A link to the broadcast can be found at the investor relations section of the Company’s website, www.sandersonfarms.com, and a replay will be availabl
Chicken prices double as demand for fast food chicken soars
11 May 2021, 05:13 GMT+10
WASHINGTON D.C.: Chicken prices have soared sharply in the U.S. this year, fueled by supply shortages and a growing appetite for chicken among restaurants, which has left producers scrambling to raise production, even as labor remains scarce.
Since the start of this year, chicken breast prices have more than doubled in the U.S., while wing prices have climbed to record levels, according to market-research firm Urner Barry, according to The Wall Street Journal.
Chris Testa, president of supermarket distributor United Natural Foods, has partly attributed this rise in prices to higher demand from restaurants.
» POULTRY AND CHICKEN PRODUCTION ALSO ON THE MOVE FOR PUBLIC COMPANIES IN MISSISSIPPI
The past 12 months were interesting for publicly traded companies, including those based in Mississippi. Nine of the top public companies on the
Mississippi Business Journal s 15 top public companies list are banking institutions. Two others are in poultry and egg production. During the COVID pandemic federal recovery money flowed through banks and consumption of chicken increased.
âThere was a lot of demand for chicken,â says Mike Cockrell, chief legal and financial officer and treasurer of Sanderson Farms, Inc., headquartered in Laurel. âThe past 14 months have been interesting and crazy with historic ice storms in Texas and Mississippi, worldwide volatile markets, and a very volatile grain market.â