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Pilgrim's Corp. has posted a net income of $39.6 million for its first quarter of the 2012 fiscal year, a significant improvement over the $119.9 million loss the company posted in the first quarter of 2011, according to Pilgrim's latest report.
The results are the best the company has seen in the first quarter since 2005, said Bill Lovette, Pilgrim's CEO. "We've accomplished a lot over the past year and are clearly headed in the direction we want to be," said Lovette. "This quarter confirms our belief — the industry can be profitable even at varying grain price points given the right focus on discipline." But as a company and as an industry, the shift needs to continue towards valuing the whole bird and not relying on high breast meat prices to carry the margin, according to Lovette. Volatility in the commodity markets is now the norm and must be considered — along with cost containment — as a standard part of production planning in order to maintain profitability long term.
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What leads me to believe your statement Fabio is my love of eating the dark meat of chicken. Personally, I think it has much better flavor and truly adds to any chicken recipe. Love it!
It is great to see the US poultry industry is awakening to the importance of the whole carcasses, instead of the white meat, only, to the future of the business. After years, decades, looking at the dark meat portion of the carcasses, as almost a valueless by-product, the industry seem to have percepted its significant commercial potential.It is now time to roll the sleeves up and start taking benefit from it. Better late than missing!
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