Pilgrim's on track for bankruptcy exit

Chicken processor making progress

Pilgrim's Pride reported an operating profit of $16.74 million in May after one of $13.92 million in April. The company is not planning any further cuts in production after reducing output 9-10% earlier this year, a Reuters report said.

Pilgrim's Pride is still on track for exiting bankruptcy later this year, according to CEO Don Jackson.



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