Pilgrims Pride Reports 1Q Loss, Expects Greater Consumer Demand Ahead
Don Jackson, Pilgrim’s Pride president and chief executive said he is optimistic about industry fundamentals heading into the summer. “Although production is slightly higher than a year ago, supplies remain fairly tight. Feed costs appear to have stabilized and there are growing signs that the economy is improving. With many retailers and foodservice operators planning to feature chicken in the months ahead, demand is strengthening,” he said. …