CHICAGO – Smithfield Foods and Sanderson Farms will give their quarterly reports on Tuesday, Aug. 26, and both companies are expected to report losses.
Smithfield will report fiscal first quarter results, and Sanderson will give its third quarter reports. According to Reuters, higher feed costs are expected to negatively affect both companies. Feed costs have affected many companies that raise their own animals, and while they have raised the costs of the meat, it has not been enough to affect the cost of the feed.