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Stock Market & Financial Investment News

News Breaks
May 29, 2014
12:06 EDTSAFMSanderson Farms expects further improvement in 2H14
The company said old soy crop prices remain tight. The USDA has lowered the expected corn carryout in each of its last four reports, which means the company will need good weather this summer to rebuild soy supplies and maintain lower-priced corn. The company adds that construction in Palestine is on schedule and "coming along well." It targets the first calendar quarter of 2015 for operations to begin there. Comments taken from Q2 earnings conference call.
News For SAFM From The Last 14 Days
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August 25, 2015
11:50 EDTSAFMSanderson Farms says 'relief' needed from drop in leg volume and prices
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11:17 EDTSAFMSanderson Farms: Food service demand was better in Q3 than previous year
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07:06 EDTSAFMSanderson Farms on track to increase production at Palestine, TX plant in Jan.
The company says, "The plant is now moving to fifty percent capacity, and we are on schedule to increase production at the plant again in January 2016. We expect to reach full production during the second fiscal quarter of 2016. We also broke ground on our new St. Pauls, North Carolina, facilities in July, and we look forward to the opportunities the new facilities will provide to our shareholders, our customers and our employees."
07:05 EDTSAFMSanderson Farms: Results affected by accurals booked for bonus award program
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07:05 EDTSAFMSanderson Farms reports Q3 EPS $2.27, consensus $2.90
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