Sanderson Farms Q3 results lower than expected

Sanderson Farms Q3 results lower than expected

Growth in profit was result of lower feed costs and historically high chicken prices.

SANDERSON Farms Inc. reported that the profit increase for its fiscal 2014 third quarter ending July 31 was lower than market analysts' expectations.

Still, the company's financial performance for the quarter produced a 12% profit, which was a reflection of favorable market conditions, according to Joe F. Sanderson Jr., chairman and chief executive officer.

Furthermore, he added that higher chicken prices were fueled by stro

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