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05/27/2021 | 05:38pm EDT
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Sanderson Farms 2Q Profit Surges As Poultry Markets Improve
Sanderson Farms Inc. reported a big rise in profit from a year earlier as net sales rose substantially amid an improvement in poultry markets.
Net income at the company rose to $96.9 million, up from $6.1 million a year ago. Earnings were $4.34 a share, up from 28 cents a share. Earnings beat estimates from FactSet.
Surging Commodities Could Delay Chicken-Wing Cavalry Market Talk
11:41 ET - US restaurants are clamoring for more chicken wings and breast meat, but one major supplier may hold off on ramping up production. Sanderson Farms, which has led rivals in building new plants in recent years, has another one in the offing but CEO Joe Sanderson says the Mississippi chicken processor won t announce a construction schedule until the company gets a better read on feed grain prices ....

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