Sanderson Farms Cuts Egg Output After Grain Costs Increase
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Sanderson Farms Inc., the fourth-largest U.S. chicken producer, said it cut egg output after record grain prices drove up feed costs.
The company made the 2 percent reduction starting Aug. 6, following a 4 percent cut implemented in January, Laurel, Mississippi-based Sanderson said today in a statement. It plans to run its plants at 6 percent below capacity until conditions improve, the company said today when reporting fiscal third-quarter earnings that topped analysts’ average estimate.