Sanderson Farms’ feed costs up 1.5% in first quarter

Sanderson Farms’ feed costs up 1.5% in first quarter

Photo by Andrea Gantz

Company expects grain costs overall in 2020 to be flat

“Cash market prices for corn were higher during the quarter compared to last year, while soybean meal prices were lower,” he said. “Our feed cost per pound of chicken process was higher by 1.5% per pound when compared to the first fiscal quarter of 2019. Both corn and soybean balance tables are healthy as we head into the 2020 planting season, but corn basis remains much higher than last year.”