Cheaper Chicken Gives Pilgrim’s a Boost as Demand Rebounds

Pilgrim’s Pride Corp., one of world’s largest poultry producers, is getting a boost from lower grain costs and rising demand for chicken in the US, posting earnings that beat expectations.

The company, controlled by Brazilian powerhouse JBS SA, reported adjusted earnings of 77 cents a share in the three months ended March 31, according to a statement on Wednesday. That compares with the 69 cent average of analyst estimates compiled by Bloomberg.