Packers put away 2.145 million head last week and will keep the kill up this week at 380,000 each day except for Christmas day. Pork product continues to stay in excellent demand which allows packers (SFD) great margins. Weekly kills havent been this large since 1998 when packers recorded huge profits. I bought more today at 22.47 !
My prediction: Earnings per share for the 3rd quarter (ending Jan. 31) will be way above the $0.39 predicted by the know-it-all analysts. This is a really good time to buy this stock. Producers are breaking even, but processors are making a bundle this season.