U.S. chicken producer Sanderson Farms Inc (SAFM.O) posted a smaller-than-expected first-quarter loss on Thursday amid higher feed costs and slow restaurant traffic.
The results came in ahead of Wall Street expectations as demand for chicken products held steady in the retail grocery market and grain prices declined sequentially.
"We do not expect demand to improve until the economy gains some traction and consumers resume spending and dining out again," Chief Executive Joe Sanderson said in a statement.
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