The Associated Press
GREELEY, Colo. — Poultry producer Pilgrim's Pride posted a third-quarter loss, hurt by higher feed costs and lower prices for chicken breasts and wings.
Higher costs and lower prices have hurt other major poultry raisers in recent years. Restaurants, under pressure from tepid consumer spending, cut back on orders. That's driven down prices and hurt chicken sellers' profits. Meanwhile, costs for feeding chickens have grown because of a run-up in commodity prices.
Pilgrim's Pride's net loss in the quarter ended Sept. 25 was $162.5 million or 76 cents per share, from. . .
Register or Login to keep reading
Thank you for your interest in accessing the complete content. To continue reading, please register for free. By registering, you'll gain full access to our valuable resources, updates, and insights.
If you already have an account please Log In.
