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Sanderson Farms, Inc. Message Board

  • drjohnlong drjohnlong Aug 6, 2014 4:28 PM Flag

    So the Russians won't by our chicken?

    But the Chinese will and will resell them to the Russians. Well played Putin.

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    • "Russia is not nearly as important to us or the industry as they used to be. For context, we shipped over 800,000 metric tons of chicken to Russia in 2008. So far this year, that is down to 235,000 metric tons. They represented 20% of the industry’s export market in 2008 and it is less than 7% now. That said, all customers are good customers, and we would prefer that the market remain open. It will close, based on what we are hearing today, but we will find an alternative market for the product. Leg quarters, which is what they buy, are still the cheapest source of protein on the planet, and others will buy the product. Market prices for leg quarters might soften for a period of time, but I don’t expect it to be a long term deal." SAFM quote

 
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