High feed costs hurt Jennie-O Turkey Store performance
Net sales were up 2%, but the profit was down 54%
Jennie-O Turkey Store saw its profits decrease 54% for the second quarter of fiscal year 2021, largely due to high feed costs.
The segment profit for the quarter was $12.7 million, down from year-ago levels of $27.3 million.
Volume was down 3%, but the net sales were up 2% for…