Despite rising demand for chicken, Sanderson Farms may decide to wait to build another chicken processing plant.
On Tuesday, Sanderson Farms CEO Joe Sanderson spoke during the Goldman Sachs Global Staples Forum and said its newest processing plant may be delayed. In part, that could depend on the cost of soy and corn, Sanderson said.
Sanderson said he is also wary of the high cost of building materials, which make this a bad time for building — despite the company’s desperate need for a new plant.
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