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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.
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