Worldwide poultry production is expected to increase due to this and already USDA has increased the forecast for 2014.(www.wattagnet.com/USDA_increases_poultry_production_forecast_for)
TAFL has already reported a 16% GP margin for last quarter Sep'13. compared to GP margins of -2% in Q1 and 2% in Q2 . December Qtr always looks good with seasons and additionally CHOGM
If the improved margins are due to falling cost of sales for TAFL. We ca expect a chicken run soon
...........Agricultural commodities including soybeans and corn, the worst-performing commodity this year, probably will extend declines in 2014 as world supplies remain ample, Rabobank International said in its annual outlook report.....Corn, the biggest loser this year among the Standard & Poor’s GSCI gauge of 24 raw materials, tumbled 38 percent since Jan. 1 as the U.S. harvest, the world’s biggest, rebounded from drought in 2012. Wheat slid 19 percent on the Chicago Board of Trade, while soybeans dropped 6.9 percent. The U.S. Department of Agriculture expects global production of all three crops will rise to records in the 2013-14 season........
Poultry Quarterly Q4: 2014 Outlook bullish due to lower feed costs and tight global supplies of pork and beef
Guys watch on to the December results as I always advise.